9,765.12 TRY BIST 100 BIST 100
35.13 USD USD USD
36.48 EUR EUR EUR
4.84 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

Jindal Shadeed buys Omani Sohar Steel

Middle East Traders Oman has signed an agreement to sell its steel company Sohar Steel in Oman. The buyer was Jindal Shadeed Iron and Steel (JSIS), the Omani division of the Indian Jindal group.

Jindal Shadeed buys Omani Sohar Steel

Built in 2008, Sohar Steel stopped production in March 2022. The company owns a mini-factory with an annual capacity of 600,000 tons of steel and 500,000 tons of rebar, and the Sharq Sohar rolling mill with an annual capacity of 300,000 tons of rebar.

Both facilities are located in the Sohar Free Zone. Sharq Sohar will also start wire rod production in the coming months. Also in June 2022, information appeared that the company will build another mini-factory in the same Sohar region.

Jindal Shadeed steel production capacity is estimated at 2.4 million tons per year. The company produces marketable square and round billets and can receive up to 1.4 million tons of rebar per year. In November, JSIS started the construction of the pellet plant with a capacity of 6 million tons per year, which is scheduled to be launched in 2024.

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

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 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