Oman Sets Up First Steel Plant
Oman’s first steel billeting plant is set to come on stream on July 1, reported the Oman Observer on Saturday.
Established at a cost of RO4.5 million ($1 billion), the project promises to spawn a thriving downstream manufacturing industry in heavy steel goods catering to the domestic and export markets, said the paper.
Trial operations are now underway at the sprawling facility of Modern Steel Mills LLC (MSM) at Rusayl, said Hari Kumar Sreedharan, project consultant and general manager of Future Management Economic Consultancy (FMEC), which belongs to Future Group — one of the key shareholders in the venture.
The plant, boasting a capacity of 90,000 tons per year, is capable of producing billets of either mild steel, carbon steel or alloy steel, he added.
Steel billets are semi-finished products, which are used to manufacture of various finished goods such as steel bars, angles, flats, flanges, seamless pipes and wire rods - Albawaba.com