Baku Steel Company has concluded a deal worth $1.17 billion with China CAMC Engineering Co., Ltd.
The agreement was signed by Deputy Director General of Baku Steel Company Mardan Aliyev and Deputy Director General of China CAMC Engineering Wang Yuhang.
The document envisages the construction of the Azerbaijan Integrated Steel Mill Complex in Ganja.
The planned capacity of the plant is 1.25 million tons of metal and 700,000 tons of sheet metal annually. (Trend/Ukrainian metal)