9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
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)

MIDHCO begins production of magnesium billet

MIDHCO plans to reach 6000 tons of magnesium billet production capacity in 2023 by being counted as one of the only magnesium billet exporters in the Middle East...

MIDHCO begins production of magnesium billet

Ferosilis Gharbe Pars Company, one of the subsidiary companies of Midhco, launched the production of magnesium billet in the city of Hamedan, Iran.

Recognized as one of the magnesium billet alkaline earth metals, it is the eighth most abundant metal in the earth's crust. Magnesium billet, which is not produced in the Middle East, was produced for the first time in Iran. For the production of magnesium billet, it is necessary to have enough dolomite in the right grade and ferrosilicate, which is the most important part of the production. Midhco company, which provides this production, also joined the magnesium billet exporters group in the world. The duration of the project is approximately 33 months, and 140 people were employed in this project. Midhco plans to reach 6,000 tons of magnesium billet production capacity in 2023.

In general, the usage areas of magnesium billet are in industries such as agriculture and automobile manufacturing, Foundry industries, For example: Aluminum Wheel Automotive Equipment, pistons, engines and casting related parts.

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

Nippon Steel signs important partnership agreement for Kami Project

Thursday, December 19, 2024

Huta Częstochowa announced to maintain operations

Friday, December 20, 2024

Taiwanese steelmaker CSC announces price stability

Friday, December 20, 2024

The European HRC market in a challenging period

Friday, December 20, 2024

Iron ore prices decline amid expectations and Fed comments

Saturday, December 21, 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