Bahrain Steel , a leading producer of iron ore pellets and a 100-per-cent-owned company of the Bahrain-based Foulath Holding , is planning to double its output over the next 10 years. Bahrain Steel operates two pelletising plants in the kingdom, making it a leading producer of iron ore pellets used in the production of steel. “We are forecasting a major increase of production by Bahrain Steel this year,” Khalid Al Bassam, chairman of Bahrain Steel and its parent company, Foulath Holding , said at a conference commemorating the company’s 30 years of production. From the initial 5.5 million tonnes output, Bahrain Steel produced 8 million tonnes of iron ore pellets in 2018, gaining a 26 per cent market share in the GCC and an enviable record for quality output. Other than the GCC, Bahrain Steel, he said, will be targeting North Africa as there are new plants coming up the region.

Source: The North Africa Journal March 31, 2019 10:41 UTC