Khouzestan Steel to Enter Plate Market With New Acquisition

Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source has told Metal Bulletin.
Located in the southern province of Khuzesta, Oxin Steel is Iran’s biggest producer of heavy plates and has a capacity of 1 million tons per year. It also has a direct-reduction iron plant and a slab mill, each with a capacity of 1 million tons per year.
But in recent years, Oxin Steel’s slab capacity has been idled because plate production required a special quality of slab that could not be produced at the site.
As a result, Oxin Steel was purchasing slabs from Khouzestan Steel as well as importing them from Asia.