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21 Jul
10:03

Oxin Steel foresees feedstock shortages, eyes slab plant

Oxin Steel foresees problems with sourcing slab feedstock in the near future when Mobarakeh Steel (MSC) commissions its new hot strip mill and utilises more captive billet supply, Kallanish notes. The Iranian heavy plate producer reported record annual output of 720,000 tonnes in the Iranian year through 19 March 2020. The firm also achieved a net profit and was able to settle debts accrued in previous years, says company chief executive Amin Ebrahimi. The firm be…
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