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Qatar Steel to Build $1.2 Billion Algeria Plant, QNA Reports

Qatar Steel Co., a unit of Industries Qatar QSC, signed an agreement to build a $1.2 billion plant in Algeria to produce 5 million tons of the metal a year, Qatar News Agency said, citing the company.

Qatar Steel will own 49 percent of the facility, while an Algerian partner will hold the rest, QNA said.

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