13
Mar
09:39
Sohar Steel owner agrees sale
Sohar Steel owner Middle East Traders Oman has inked an agreement to sell the steelmaker to Vulcan Steel, owner of Jindal Shadeed Iron and Steel (JSIS) and part of the OP Jindal Group, Kallanish learns from an informed source.
Sohar Steel, commissioned in 2008, suspended production in March 2022. It has an electric arc furnace-based melting shop with 600,000 tonnes/year of billet capacity and rolling mill with 650,000 t/y rebar capacity. The firm will modify …
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Very good overview of the weekly steel market.
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