![](https://www.eyeofriyadh.com/news_images/2024/07/2d8f9fc97a3d.jpg)
China's Baosteel doubles investment in steel plates in Saudi Arabia to $1B
China's biggest listed steelmaker, Baoshan Iron and Steel Co. (Baosteel) has doubled its investment in the steel plate manufacturing complex in Saudi Arabia to reach $1 billion. According to Bloomberg, the company announced that it will own a 50% …