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Mobarakeh Steel boosts capacity as flat steel demand grows-- The 18th China(Guangzhou) Int’l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
11/16/2016 plate metal expo-wire expo |
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Financial Tribune reported that Mobarakeh Steel Company’s new continuous casting machine was inaugurated by First Vice President Es’haq Jahangiri and the company’s managing director Bahram Sobhani, last week in Isfahan Province. The new production line adds 1.8 million tonnes to MSC’s annual steel production capacity.
Continuous casting, also called strand casting, is the process whereby molten metal is solidified into a semi-finished billet, bloom or slab for subsequent rolling in the finishing mills. It allows low-cost production of metal sections with high quality, due to the inherently low costs of continuous, standardized production of a product, as well as providing in-depth control over the process through automation.
Sobhani was quoted by Bourse Press as saying that “Mobarakeh Steel Company’s continuous casting machine No. 5 was built in 28 months with 5 trillion rials ($143.4 million at the market exchange rate) of investment. The addition of the new casting machine brings MSC’s total annual steel production capacity to 10.3 million tons by the end of the current fiscal year (March 20, 2017), taking into account the expansion plans for the steel giant’s subsidiaries, including Hormozgan Steel Company and Saba Steel Complex.”
Together with its subsidiaries, MSC is the largest flat steel producer in the Middle East and North Africa region and Iran’s largest steelmaker, accounting for 1% of Iran’s GDP. The company accounts for approximately 50% of the country’s total steel output and also holds around the same share in domestic flat steel consumption, which stood at around 7.5 million tons in the last fiscal year. The company produced around 5.5 million tons of flat products, with 70% of this volume allocated for the local market over the year.
-- The 18th China(Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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