Economy, Business And Markets

1st Wear-Resistant Steel Production in Iran

1st Wear-Resistant Steel Production in Iran1st Wear-Resistant Steel Production in Iran

Khouzestan Oxin Steel Company is producing wear-resistant steel for the first time in Iran, the company’s managing director announced. “Our estimates show that the country annually needs 60,000 tons of wear-resistant plates. By supplying this amount, we can prevent the annual outflow of close to $130 million of foreign exchange,” Abdolreza Mohammadpour was also quoted as saying by IRNA. According to the official, wear-resistant plates’ price is about five times more than that of simple plates, standing at 80,000 rials per kilograms. Oxin Steel has already engaged in marketing the product both in the local market and abroad, and is currently reviewing quotes it has received. Wear-resistant steel plates generally offer good resistance to sliding and impact wear. The high carbon content in the alloy increases its toughness, making it an ideal material for applications in the mining, woodworking and material handling industries. Specific applications include covering dump truck bottoms and sides, liners for chutes and dryers, gravel crushers, tree-cutter blades, wear plates and vibrating conveyors. Located in the southern Khuzestan Province, Oxin is Iran’s top producer of heavy plates. It produced about 650,000 tons of steel products in the last Iranian year (March 2016-17).

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