9,224.84 TRY BIST 100 BIST 100
5.32 CNY CNY CNY
43.71 EUR EUR EUR
38.44 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Jindal Shadeed buys Omani Sohar Steel

Middle East Traders Oman has signed an agreement to sell its steel company Sohar Steel in Oman. The buyer was Jindal Shadeed Iron and Steel (JSIS), the Omani division of the Indian Jindal group.

Jindal Shadeed buys Omani Sohar Steel

Built in 2008, Sohar Steel stopped production in March 2022. The company owns a mini-factory with an annual capacity of 600,000 tons of steel and 500,000 tons of rebar, and the Sharq Sohar rolling mill with an annual capacity of 300,000 tons of rebar.

Both facilities are located in the Sohar Free Zone. Sharq Sohar will also start wire rod production in the coming months. Also in June 2022, information appeared that the company will build another mini-factory in the same Sohar region.

Jindal Shadeed steel production capacity is estimated at 2.4 million tons per year. The company produces marketable square and round billets and can receive up to 1.4 million tons of rebar per year. In November, JSIS started the construction of the pellet plant with a capacity of 6 million tons per year, which is scheduled to be launched in 2024.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Egypt boosts sector with new mining law

Wednesday, April 30, 2025

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now