Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Oman-based Moon Iron & Steel’s new steel plant will commence operations in the first quarter of the 2020 fiscal.The plant has been installed to boost production capacity for billets and rebars, according to a company statement. 


The plant is designed by the German SMS Group, employing the latest technology and entails an investment of $300mn.


This upcoming facility constitutes a 140mt electric arc furnace, 140mt ladle furnace and a five-strand continuous billet caster to produce billets with an annual output of 1.2mn mt. 

Around 1.1mn mt will be rolled into rebars at a speed of 41metres/second with the help of a high-speed delivery system.


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