Emirates Steel to spend Dh6 billion

State-owned Emirates Steel Industries is set to invest Dh6 billion for the second phase of its UAE plant expansion, the company's chairman said on Wednesday.

Phase two of the expansion will boost the plant's capacity to three million tonnes per annum by 2011, Hussain Al Nowais told reporters. The firm has just completed its Dh3 billion phase one expansion, he said.

"The first phase of the...expansion will lift our production from 650,000 tonnes per year to two million tonnes [per year]," Al Nowais said.