Essar Group to Set Up Steel Plant in the Middle East
Project Overview
In July 2006, The Essar Group expressed plans to establish three new steel plants in the Middle East region.
These include:
A 50:50 joint venture with Qatar Steel Co. to install a steel plant with an annual capacity of 1.5 million ton
Installation of a 1million ton per year capacity steel rolling mill on the outskirts of Sharjah, UAE
A 60:40 joint venture with undisclosed pension funds in Iran for constructing a 1.5 million ton per year capacity steel plant, where in the Essar Group holds a 60% share
Total installation cost of all the three plants is estimated at US$ 1,500 million. The development is in line with the company’s plans to increase its market share in growing markets that have a captive need. As steel production is a power intensive process the Middle East region became a natural fit for the company for installation of steel plants. Availability of cheap natural gas in Qatar and Iran shall drastically decrease the production cost for Essar, as energy accounts for 45% of the total production cost of steel. The cost of steel produced in these regions will be the lowest as compared to rest of the world. Further, large industrial projects being executed in the Middle East region have prodigiously fueled the demand for steel.
Project Initiation
As reported in July 2006, the company had acquired land for the project in Qatar, and had also arranged for debt financing. The company is negotiating with the Qatar government for supply of gas for the plant. The first phase of the project includes setting up of a hot briquetted plant at a cost of US$ 325 million. A steel rolling mill with annual capacity of 1.5 million tons for producing long products like rods will be established in the second phase at a cost of US$ 300-400 million. The installation process of the steel plant in Iran will be identical to that in Qatar. The rolling mill to be installed on the outskirts of Sharjah shall use steel billets imported from the company’s Indian operations. Installation cost of this plant is estimated at US$ 200 million.
Project Name
Essar Steel Plant in Qatar, Essar Steel Plant on the Outskirts of Sharjah, Essar Steel Plant in Iran
Location
Qatar, Sharjah, Iran
Commence
2006
Completion
Not Available
Estimated Investment
US$1500 million
Capacity
Qatar plant - 1.5 MTPA; Sharjah Plant - 1 MTPA; Iran Plant - 1.5 MTPA
Key Players
Qatar Steel Co., Essar Group
Wednesday, April 30, 2008
Aman Machine Tools - Steel Re-Rolling Mill Equipment - Billet Shearing Machines, Reduction Gear Boxes, Roller Guide Boxes, Rotary Shears, Straightening Machines
Aman Machine Tools (amt) specialises in the manufacture, export and supply of steel re-rolling mill plants on a turnkey basis.
The company is engaged in the manufacture of ferrous and non-ferrous steel re-rolling mill plants of various capacities, EOT cranes and other machinery for steel plants, tube mills, paper mills, cold rolling mills and other engineering plants.
BILLET SHEARING MACHINES
amt offers a wide range of billet shearing machines fabricated from tested rolled plates. Our billet shearing machines are used to cut bloom and billets. The drive gears are made from forged En-9/19/24 steel and the shaft / crank is forged from En-8/9 steel. The gunmetal bushes of the billet-shearing machine are made of brass copper alloys.
GEAR COUPLINGS
The company offers a variety of gear couplings that are used to ensure drive smoothness and prevent possible misalignment of the shafts. Gear couplings are made from En-9 forged steel. The company offers gear couplings that are suitable for 200mm PCD to 600mm PCD steel mills.
FORGED STEEL GEARS
amt manufactures and supplies a wide range of oil-tempered, grinded and hardened gears made from forged En-8, 9, 24 steel. amt offers gears ranging from 150mm to 600mm SRM for pinion gearboxes and reduction gearboxes.
MILL STANDS
We provide various mill stands made from CI castings, steel fabricated, steel casted, fibre bearings and ball bearings. Our mill stands are designed for quick roll changing, require minimum maintenance and are offered with complete fittings.
PINION GEAR BOXES
amt pinion gear boxes have rigid steel fabricated housing, designed to work efficiently at peak loads. The pinion gearboxes are equipped with double helical gears made of En-9, 19, 24 quality forged steel. Pinion gear boxes are equipped with double oil seals on shaft extensions, lubrication lines for the bearings and oil splash system for the gears. Our extra heavy-duty amt gearboxes can withstand all heavy loads and jerks.
REDUCTION GEAR BOXES (SINGLE/DOUBLE STAGE)
The company offers single, double and multi-stage reduction gearboxes made of En-9, 19, 24 quality steel forgings. Our reduction gearboxes are used for 200HP to 2,000HP drives, 150mm PCD to 600mm PCD mills and for 50rpm to 1,500rpm rolling mills.
SHEARING MACHINES
We supply a range of shearing machines that includes cold crop shears, scrap shears, hot end cutting shears, rotary shears, flying shears and alligator shears. Our shearing machines are used for cutting splitted hot ends, cold bars and structurals.
STRAIGHTENING MACHINES
The straightening machines offered by amt have a steel fabricated structure and are available in 130mm roll centres to 550mm roll centres. The machines are available with Rolls of Chill and En-31. They are also equipped with a heavy-duty gear box that is precise and fast to operate.
ROTARY SHEARS
amt offers rotary shears ranging from 300mm PCD to 500mm PCD. The rotary shears have a cutting capacity of 50mm² hot bars at 800°C and operate at a speed of 12m/sec. The rotary shears are equipped with alloy steel blades for automatically cutting split hot ends and finished bars.
MULTIPLE ROLLER ENTRY GUIDE BOXES
amt supplies multiple roller entry guide boxes for precision applications. The multiple roller entry guide boxes are available for bars / rounds / TMT / flats and other structurals.
FURTHER COMPANY INFORMATION
amt steel re-rolling mill plant equipment is designed using state-of-the-art technology and is manufactured to suit international standards of quality and precision for which amt has been certified as ISO-9001-2000. For exports, amt has been certified as `Star Export House' by Govt of India.
Aman Machine Tools is regarded as one of the leading steel rolling mill specialists across India, Nepal, the Middle East, Kenya, Tanzania, Uganda, Botswana, Ghana, Yemen, Saudi Arabia, Mauritius and many other countries.
Aman Machine Tools (amt) specialises in the manufacture, export and supply of steel re-rolling mill plants on a turnkey basis.
The company is engaged in the manufacture of ferrous and non-ferrous steel re-rolling mill plants of various capacities, EOT cranes and other machinery for steel plants, tube mills, paper mills, cold rolling mills and other engineering plants.
BILLET SHEARING MACHINES
amt offers a wide range of billet shearing machines fabricated from tested rolled plates. Our billet shearing machines are used to cut bloom and billets. The drive gears are made from forged En-9/19/24 steel and the shaft / crank is forged from En-8/9 steel. The gunmetal bushes of the billet-shearing machine are made of brass copper alloys.
GEAR COUPLINGS
The company offers a variety of gear couplings that are used to ensure drive smoothness and prevent possible misalignment of the shafts. Gear couplings are made from En-9 forged steel. The company offers gear couplings that are suitable for 200mm PCD to 600mm PCD steel mills.
FORGED STEEL GEARS
amt manufactures and supplies a wide range of oil-tempered, grinded and hardened gears made from forged En-8, 9, 24 steel. amt offers gears ranging from 150mm to 600mm SRM for pinion gearboxes and reduction gearboxes.
MILL STANDS
We provide various mill stands made from CI castings, steel fabricated, steel casted, fibre bearings and ball bearings. Our mill stands are designed for quick roll changing, require minimum maintenance and are offered with complete fittings.
PINION GEAR BOXES
amt pinion gear boxes have rigid steel fabricated housing, designed to work efficiently at peak loads. The pinion gearboxes are equipped with double helical gears made of En-9, 19, 24 quality forged steel. Pinion gear boxes are equipped with double oil seals on shaft extensions, lubrication lines for the bearings and oil splash system for the gears. Our extra heavy-duty amt gearboxes can withstand all heavy loads and jerks.
REDUCTION GEAR BOXES (SINGLE/DOUBLE STAGE)
The company offers single, double and multi-stage reduction gearboxes made of En-9, 19, 24 quality steel forgings. Our reduction gearboxes are used for 200HP to 2,000HP drives, 150mm PCD to 600mm PCD mills and for 50rpm to 1,500rpm rolling mills.
SHEARING MACHINES
We supply a range of shearing machines that includes cold crop shears, scrap shears, hot end cutting shears, rotary shears, flying shears and alligator shears. Our shearing machines are used for cutting splitted hot ends, cold bars and structurals.
STRAIGHTENING MACHINES
The straightening machines offered by amt have a steel fabricated structure and are available in 130mm roll centres to 550mm roll centres. The machines are available with Rolls of Chill and En-31. They are also equipped with a heavy-duty gear box that is precise and fast to operate.
ROTARY SHEARS
amt offers rotary shears ranging from 300mm PCD to 500mm PCD. The rotary shears have a cutting capacity of 50mm² hot bars at 800°C and operate at a speed of 12m/sec. The rotary shears are equipped with alloy steel blades for automatically cutting split hot ends and finished bars.
MULTIPLE ROLLER ENTRY GUIDE BOXES
amt supplies multiple roller entry guide boxes for precision applications. The multiple roller entry guide boxes are available for bars / rounds / TMT / flats and other structurals.
FURTHER COMPANY INFORMATION
amt steel re-rolling mill plant equipment is designed using state-of-the-art technology and is manufactured to suit international standards of quality and precision for which amt has been certified as ISO-9001-2000. For exports, amt has been certified as `Star Export House' by Govt of India.
Aman Machine Tools is regarded as one of the leading steel rolling mill specialists across India, Nepal, the Middle East, Kenya, Tanzania, Uganda, Botswana, Ghana, Yemen, Saudi Arabia, Mauritius and many other countries.
Saturday, April 19, 2008
AVERAGE NICKEL CONTENT IN STAINLESS STEEL IN DECLINE
AVERAGE NICKEL CONTENT IN STAINLESS STEEL IN DECLINE
Meps are reporting that the price of Nickel is casing buyers to seek alternatives
High nickel prices are prompting buyers of austenitic stainless steels to actively seek alternative grades or other materials. The benefits of life cycle costing are diminishing. However, much of the substitution is taking place within the stainless industry but coated carbon steels […]
Meps are reporting that the price of Nickel is casing buyers to seek alternatives
High nickel prices are prompting buyers of austenitic stainless steels to actively seek alternative grades or other materials. The benefits of life cycle costing are diminishing. However, much of the substitution is taking place within the stainless industry but coated carbon steels […]
OVERHAUL FOR BLAST FURNACE SET TO START
OVERHAUL FOR BLAST FURNACE SET TO START
Corus starts work on a multi-million pound boost for its Port Talbot steelworks today.Hundreds of staff and contractors will be involved in the £3.5 million overhaul of the site’s newest blast furnace.It was opened in 2002 to replace the doomed furnace that suffered irreparable damage in an explosion the previous year, which killed three men […]
Corus starts work on a multi-million pound boost for its Port Talbot steelworks today.Hundreds of staff and contractors will be involved in the £3.5 million overhaul of the site’s newest blast furnace.It was opened in 2002 to replace the doomed furnace that suffered irreparable damage in an explosion the previous year, which killed three men […]
ArcelorMittal expands automotive profile with plans to buy two French steel tube makers - News - Auto Industry
ArcelorMittal expands automotive profile with plans to buy two French steel tube makers - News - Auto Industry
ArcelorMittal, the world’s biggest steel company, has reached a preliminary agreement to acquire two steel tube businesses from Vallourec, as part of its strategy to expand its business in the automotive sector, as well as further strengthening its pipes and tubes business.Vallourec Précision Soudage (VPS) produces about 100,000 tonnes of welded steel tubes for application […]
ArcelorMittal, the world’s biggest steel company, has reached a preliminary agreement to acquire two steel tube businesses from Vallourec, as part of its strategy to expand its business in the automotive sector, as well as further strengthening its pipes and tubes business.Vallourec Précision Soudage (VPS) produces about 100,000 tonnes of welded steel tubes for application […]
Explosion sparks steel mill blaze
Explosion sparks steel mill blaze
More than 70 firefighters have spent the night tackling a major blaze at the Corus steel plant in Scunthorpe after an explosion.
An investigation has been launched into the cause of the blast in a huge hydraulic roller used to roll steel in the plant’s medium section mill.Firefighters described it as a pressure explosion which […]
More than 70 firefighters have spent the night tackling a major blaze at the Corus steel plant in Scunthorpe after an explosion.
An investigation has been launched into the cause of the blast in a huge hydraulic roller used to roll steel in the plant’s medium section mill.Firefighters described it as a pressure explosion which […]
AK Steel pays off $150M in notes
AK Steel pays off $150M in notes
AK Steel is completing repayment of $450 million in debt by redeeming $150 million in senior notes.The Middletown-based manufacturer announced Tuesday it would finish paying off the senior notes due by February 2009. The company previously redeemed $225 in senior notes in March and $75 million in May.
AK Steel is completing repayment of $450 million in debt by redeeming $150 million in senior notes.The Middletown-based manufacturer announced Tuesday it would finish paying off the senior notes due by February 2009. The company previously redeemed $225 in senior notes in March and $75 million in May.
US steel shipment down by 8.2% YoY in May 2007
US steel shipment down by 8.2% YoY in May 2007
American Iron and Steel Institute reported that in the month of May 2007, US steel mills shipped 9.087 million tons of steel down by 8.2% YoY as against 9.895 million tons shipped in May 2006 and also down by 2.6% MoM from the 8.849 million tons shipped in April 2007.US’s adjusted YoY comparison of YTD […]
American Iron and Steel Institute reported that in the month of May 2007, US steel mills shipped 9.087 million tons of steel down by 8.2% YoY as against 9.895 million tons shipped in May 2006 and also down by 2.6% MoM from the 8.849 million tons shipped in April 2007.US’s adjusted YoY comparison of YTD […]
Meps Latest Steel Price Roundup
Meps Latest Steel Price Roundup
The MEPS - Global all products price declined in July faster than we anticipated - mainly as a result of decreases in the EU and North American flat products categories. We forecast reasonably stable pricing over the period into early 2008. Predicted increases in the North American market are likely to be offset by reductions […]
The MEPS - Global all products price declined in July faster than we anticipated - mainly as a result of decreases in the EU and North American flat products categories. We forecast reasonably stable pricing over the period into early 2008. Predicted increases in the North American market are likely to be offset by reductions […]
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