Danieli signs deal to build Algerian Qatari steelworks

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PRESS RELEASE – Danieli – 5 March 2015 – In the presence of the Algerian Minister of Industry Mr. Abdussalam Buchuareb, the Governor of the State of Jijel, Mr. Ali Bedrici, the President of Algerian Qatari Steel (AQS), Mr. Hasnaoui Chiboub, and the C.E.O. of the same company, Mr. Abdulla Ali Al-Buainain, the green light was given to the construction of an integrated minimill for the production of 2 million tons per year.
The investment amounts to 2 billion USD, including the infrastructures. The technological part of machines, automation and assistance was awarded to the Danieli Group. The order will be managed by Danieli & C. Officine Meccaniche S.p.A. headquartered in Buttrio (UD), Italy. At the moment the order is worth about 750 million USD.
Danieli won the bid thanks to its technological and economic competitiveness. The contract was signed by the President of AQS Mr. Hasnaoui Chiboub and by the Chairman and CEO of Danieli, Mr. Gianpietro Benedetti.
The Minister underscored the importance of this project for his country, as it will set an example in terms of fast construction and competitiveness, not to mention an example for the people of Algeria, motivated by their ability to build their own future.
Mr. Gianpietro Benedetti illustrated the project, and mentioned that he himself submitted it to the Minister of Industry in Paris, back in 1986, but it was decided not to go ahead with the project. Today’s project obviously has a much higher technological content, it is environment-friendly and the most competitive in the Mediterranean area for the production of wire rod and bars. It will employ approximately 1,000 people internally (engineers and technicians) and another 3,000 external personnel for various services. AQS is a jointly owned Algerian/Qatari company (51% and 49% respectively).
On March 8, the first stone will be laid in the presence of the prime ministers of Qatar and Algeria. This order confirms the worldwide leadership of the Danieli Group in the field of EAF steelmaking plants, including those that operate in combination with a direct reduction plant.