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China CAMC Engineering Co., Ltd. (CAMCE) and Azerbaijani Integrated Steelmaking Company signed a $1.17 billion contract on December 5, 2018, for the construction of a new integrated steelmaking plant in Ganja, Azerbaijan. The plant will have an annual capacity of 1.25 million tonnes of DRI and 700,000 tonnes of sheet plate products, with construction expected to last 42 months.