Economy, Business And Markets

KSC to Ramp Up Billet Production

KSC to Ramp Up Billet ProductionKSC to Ramp Up Billet Production

Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit.  The project will help the company strengthen its positions in the domestic billet market while ramping up exports. Having launched trials in January, KSC has made nearly all preparations and is ready to launch a new steelmaking facility capable of producing 720,000 tons per year of crude steel and 700,000 tons per year of billet. “We are finishing electric arc furnace and billet continuous casting machine tests and plan to start production,” a company’s representative told Metal Expert. According to the source familiar with the situation, the first heat of steel was melted on February 10. The expansion of steelmaking capacity will give KSC bigger opportunities in the billet segment. Earlier, the company preferred to focus on finished steel production and sales, mainly rebar. Nevertheless, poor demand and low prices for longs in Iran have forced local producers to cut production. With the new EAF commissioning, the mill will be able to strengthen its positions in the billet market.

Add new comment

Read our comment policy before posting your viewpoints