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FINANCIAL NEWS
Emirates Steel launches USD653m heavy section mill
03 Jan 2012
(MENAFN) Emirates Steel said that following several experiments during the month of November, in January, the company launched its first Heavy Section Mill in the region, with a cost of nearly USD653 million, reported Emirates 24/7.
The company added that the mill would produce parallel-flange beams, columns and bearing piles with up to 1,016 millimeter web depth and 419 flange width, up to 430 millimeter parallel flange channels, 250 millimeter angles, 750 millimeter U-sheet piles and 630 millimeter Z-sheet piles using 350×220 millimeter conticast blooms and up to 1050x460x120 millimeter beam blanks as starting material.
The subsidiary of Abu Dhabi Basic Industries Corporation (Adbic) also said that the company would be the sole producer of jumbo and heavy sections in the Middle East and North Africa (MENA) region, moreover, it would offer less lead times and better product offering, in terms of piece count and cut-to-length services.
It is worth noting that the launch of the mill marks the completion of Expansion Program at the company’s integrated complex in Musaffah.
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