9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

ECOACERO cooperates with SMS Group in rebar factory project

ECOACERO, a company of the ESTRELLA Group, has placed an order with SMS Group for the construction of a new rebar factory.

ECOACERO cooperates with SMS Group in rebar factory project

This facility will be built near Santo Domingo in the Dominican Republic. The aim is to serve the growing construction sector in the region.

Estrella, one of the largest construction services and products companies in the country, has taken a strategic step to strengthen the vertical integration and networking of its group companies. This diversification creates a strong portfolio that meets the growing demand from the construction sector, both locally in the Caribbean and in Central America.

With the commissioning of the new ECOACERO plant, Estrella offers a wide range of rebar to the market. This range of products has been specially designed according to the requirements of the different segments of the construction industry. The production utilises the latest technology from SMS to meet the highest international quality standards.

SMS Group realises the project for ECOACERO in two phases

The project, which focuses entirely on sustainability, will be realised in two phases. In the next phase, steel production will be integrated through the construction of a steel mill with a continuous casting plant. Scrap will be used as input material. SMS' comprehensive scope of supply and services includes the planning and construction of the complete rebar mill as well as the supply of mechanical and electrical equipment. In addition, SMS is supplying a reheating furnace for billets to the single-wire continuous rolling mill. The products will be processed in the state-of-the-art MEERdrive finishing unit, which will help reduce CO2 emissions while increasing the plant's efficiency.

The plant is scheduled to be commissioned in early 2025

The second stage consists of a highly efficient electric arc furnace (EAF). This furnace features modern burner and oxygen injection technology to reduce CO2 emissions and operating costs. The scrap-fed arc furnace is equipped with the latest SMS technologies for safe and automated operation to reduce the carbon footprint of the plant. The melting, refining and casting processes are all monitored by the X Pact Level 2 system. According to plant manufacturer SMS Group, this provides an "optimal and seamless" interface to the phase 1 rolling mill.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now