What are the qualities and characteristics of the induction furnace?
ABP Germany is the supplier of the induction furnace. It will be the largest in the world used to produce steel billet. 3 x 35 ton furnaces with 2 x 18 MW transformers will be easily capable of reaching and exceeding the targeted production of 300,000 tons. We also have a ladle refining furnace (LRF) and argon oxygen decarburization (AOD). With such technology and systems, the production of high quality products is a must. On which raw materials are you going to base your production? Since we have our own scrap processing facilities since 2006, our scrap networking is very strong. Scrap is the main raw material. We might need DRI or HBI to compensate for scrap shortages, if any. What is the approximate billet requirement in Saudi Arabia per annum? The annual billet requirement in Saudi Arabia is roughly about seven million tons. How do you see the current situation in the Saudi Arabian billet market? Only three big companies produce billet for their own use, with their output volume re
