Monday, 14 Feb 2011
It is reported that Xinxing Ductile Iron Pipe Group Xinjiang Company would start construction of its 3 million tonnes per year special steel project with the total investment of 9.01 billion tonnes including 4 0.2 million tonnes per year converters, 4 0.2 million tonnes per year shaft furnaces and 2 1.8 million tonnes per year sinters etc.
As per report, the project has been submitted to the local authorities and got approved which may finish the constructions for production in 2013 with the annual output hitting at 5 million tonnes.
(sourced:mysteel.net)
Showing posts with label steel projects. Show all posts
Showing posts with label steel projects. Show all posts
Monday, February 14, 2011
Tuesday, January 25, 2011
Bonds worth USD 500 million for Iranian steel projects
Tuesday, 25 Jan 2011
Mehr News Agency reported that some IRR 5 trillion worth of bonds will be offered to the public for the funding of eight steel projects.In February 2010, Iran offered some IRR 5 trillion worth of bonds to the public for the funding of steel projects as the first offering. Each of these eight projects has the capacity to produce 1 million tonnes of steel per year.Previously, Mr Hassan Polarak director of Iranian Mines and Mine Industries Development and Renovation Organization said that steel projects in the country are estimated to cost USD 10 billion of which USD 9 billion will be spent in the country.He said that to build a 1 million tonne steel factory, USD 550 million to USD 600 million is needed and in the past the equipment for these factories was mostly imported. He added that "In heavy industries such as mines we have become self sufficient, while four years ago we were 70% dependant. In steel industry, we are 90% self sufficient and by next year we will be 100%."(Sourced from www.mehrnews.com)
Mehr News Agency reported that some IRR 5 trillion worth of bonds will be offered to the public for the funding of eight steel projects.In February 2010, Iran offered some IRR 5 trillion worth of bonds to the public for the funding of steel projects as the first offering. Each of these eight projects has the capacity to produce 1 million tonnes of steel per year.Previously, Mr Hassan Polarak director of Iranian Mines and Mine Industries Development and Renovation Organization said that steel projects in the country are estimated to cost USD 10 billion of which USD 9 billion will be spent in the country.He said that to build a 1 million tonne steel factory, USD 550 million to USD 600 million is needed and in the past the equipment for these factories was mostly imported. He added that "In heavy industries such as mines we have become self sufficient, while four years ago we were 70% dependant. In steel industry, we are 90% self sufficient and by next year we will be 100%."(Sourced from www.mehrnews.com)
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