By Humeyra Pamuk
Al Jazeera chief exec says expansion plan will see capacity soar to 600,000 tonnes in 2009.
Oman steelmaker Al Jazeera Steel Product Co plans to nearly double its capacity to 600,000 tonnes per year, chief executive Bhaskar Dutta said on Tuesday.
"The total capacity will be over half a million tonnes starting from April," Dutta said on the sidelines of Metal Bulletin's steel conference in Dubai.
The company's product range will expand to long products such as rebars, on top of its current capacity of mainly flat products such as tubes.
He expected demand to remain robust, despite the slowdown. "Demand is expected to be higher than supply locally for pipes," he said.
Figures from his presentation show demand for electric resistance welded (ERW) pipes in the Gulf region is around 2 million tonnes and is estimated to rise to 2.43 million tonnes by 2010. (Reuters)