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Watania Steel (WS) intends to carry out an initial public offering once it has completed its capacity expansion, a company official confirms to Kallanish. The Saudi long steelmaker will commission a 500,000 tonnes/year rebar and wire rod mill adjacent to its current production facility by end-2023 (see Kallanish passim). The induction furnace-based mill currently produces over 250,000 t/y of 12-32mm diameter rebar. The IPO, to be carried out on Tadawul, the Saudi…
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