 "JSPL commissions 1.4 mtpa Rebar Mill in Oman")
The new Rebar Mill capacity will significantly strengthen Oman’s domestic production capacity to substitute dependence on imports for the construction sector in the country, a company statement said today.
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“The commissioning of the 1.4 mtpa Rebar Mill catapults Jindal Shadeed amongst the Top 3 integrated steelmakers in the fast-growing Arabian Peninsula. We are thankful to the Sultanate of Oman for their co-operation and support to enable us to complete the project in a record time," said Naveen Jindal, chairman – Jindal Steel and Power Limited. “In line with our commitment to strive for self-sufficiency in the geographies we operate in, we are confident that the Construction Sector of Oman would immensely benefit from Jindal Shadeed’s new Rebar Mill," he added.
Jindal Shadeed has made investments of over $1 billion in establishing Oman’s largest integrated steel facility. The company has invested $190 million to set up 1.4 mtpa Rebar Mill. The technology for the Rebar Mill has been provided by Danieli of Italy, a world-leading supplier of equipment and plants to metals industry.
“Jindal Shadeed’s port-based integrated steelmaking facility would change the dynamics of Arabian Peninsula’s steel market, which so far has remained dependent on imports from major steel-producing nations. Considering the 15 MTPA Rebar consumption in GCC countries, the production capacity of 1.4 mtpa at Rebar by Jindal Shadeed at Sohar (Oman) would add significant value to the construction sector of the region," said Ravi Uppal, MD and Group CEO, JSPL. “The commissioning of the Rebar Mill in Oman would also enable us to market Made-in-Oman Jindal Panther TMT Rebars to our existing global customer base in GCC and Africa. The Oman Rebar Mill alongwith the Bar Mills capacities in India, enhances JSPL’s global Rebar production capacity to 3.8 MTPA," Uppal added.
JSPL’s Jindal Shadeed had earlier set up the largest Electric Arc Furnace in the Arabian Peninsula. The company was also felicitated with the prestigious award as the Worlds best performing Midrex Plant (1.5 mtpa category). According to the company, Jindal Shadeed is the only steelmaker in GCC to export special quality billets to Europe for automotive applications as well as special quality round billets to Saudi Arabia for manufacturing of seamless pipes. With the commissioning of the Rebar Mill, Jindal Shadeed’s capacities stand at 1.5 mtpa Hot Briquetted Iron (HBI), 2 mtpa Steel Melting Shop (SMS) and 1.4 mtpa Rebar Mill.
JSPL acquired acquired Jindal Shadeed Iron & Steel (JSIS) in Sohar, Oman from Al Ghaith Holdings PJSC of Abu Dhabi in 2010. JSIS at Sohar is the first and largest Integrated Steel Plant in the Sultanate of Oman and fourth largest in the Gulf region. Jindal Shadeed commissioned its 1.5 mtpa Direct Reduced Iron (DRI) Furnace in December 2010, within a short period of its acquisition by JSPL. The company then successfully commissioned the 2 mtpa Integrated Steel Plant (ISP) in 2014. The facility is Oman’s first & largest Steel Melting Shop (SMS), and also the third largest unit in the West Asia & Gulf Region. The company has also set up the largest electric arc furnace in the Arabian Peninsula.
Jindal Shadeed has made investments of over $1 billion in establishing Oman’s largest integrated steel facility. With the commissioning of the Rebar Mill, Jindal Shadeed’s capacities now stands at 1.5 mtpa Hot Briquetted Iron (HBI), 2 MTPA Steel Melting Shop (SMS) and 1.4 MTPA Rebar Mill.