The plan follows the expansion of the company's finished steelmaking capacity in recent years, managing director Bahram Sobhani told Metal Bulletin at the 21st Middle East Iron & Steel Conference (MEIS) in Dubai, in the United Arab Emirates.
Growing slab capacity
At the end of 2016, Mobarakeh Steel added a 1.8-million-tonne continuous casting machine at its main plant in Esfahan province that increased annual slab capacity to 7.2 million tonnes. Currently, it feeds a 5.5-million-tonne-per-year hot-rolling mill.
The company also operates a 1.5-million-tonne slab facility at its Hormozgan Steel Complex (Hosco) subsidiary and a 1.6-million-tonne continuous strip production unit at its Saba Steel complex.
Saba Steel doubled its capacity this past April and is self-sufficient in slab, but does not produce slab for sale.
“This Iranian year [ending March...