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Oxin Steel to go ahead with slab plant- The 19th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
8/8/2017 Sheetmetal machinery, Forging, Stamping expo |
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Financial Tribune reported that Iran¡¯s sole heavy plate producer plans to establish a slab production plant with a capacity to produce 1.2 million tonnes per year to expand the output of its special grade steel products. Khouzestan Oxin Steel Company¡¯s Managing Director Abdolreza Mahmoudpour said that ¡°We must boost our output of wide plates, but the slab we currently use is not good. In fact, we have to use 2.2-meter-wide slabs instead of the 1.5 meters we use right now.¡± The new plant will require some 15 trillion rials (USD 396 million) of investment expected to be made by the private sector.
Mr Mahmoudpour noted that Oxin is currently holding talks with Danieli, the Italian provider of steel production technology, among other potential foreign candidates, for establishing the plant.
Currently, about 80% of Oxin¡¯s required slab are sourced from domestic producers Mobarakeh, Khouzestan and Hormozgan steel companies, with a further 20% (used for API grade plate) being imported.
Mr Mahmoudpour said that ¡°Oxin Steel has been designed to use 90% of its capacity for manufacture of steel used by shipbuilders, large-diameter pipe makers and for use in the oil and gas industries. But about 80% of our current capacity are allocated to structural steel output and that¡¯s because we lack a slab plant of our own.¡±
Located in the southern Khuzestan Province, Oxin is Iran¡¯s biggest producer of heavy plates. It is the only local producer of heavy wide steel plate, which can produce it in widths of 1,100 to 4,500 millimeters with a thickness of 8 to 150 mm. It produced about 650,000 tons of steel products in the last Iranian year (March 2016-17). About 30,000 tons of this were exported, mainly to Germany, Italy, Belgium and the Netherlands.
The Cabinet approved Oxin¡¯s plans for setting up the new plant last week, IRNA reported. The new type of slab will be used for producing wide plates used in the manufacture of API-grade oil and gas pipelines.
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The 19th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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