Myanmar’s 100-day plan targets steelmaking
Myanmar’s ministries have announced ‘100-day plans’ to mark out key goals for the first 100 days in office of Aung San Suu Kyi’s National League for Democracy government. The country’s new administration took office at the end of March. Ministry of Industry plans target the start-up of two new steelworks, Kallanish notes.
The No. 2 Steel Mill, controlled by the Ministry of Industry with Russian investment, could start up a 200,000 t/y pig iron plant using Rostec’s Romelt direct reduction technology as early as July. The plant in Pin Pet has around 70 million tonnes of around 29% Fe iron ore reserves locally.
That pig iron is planned to be used in the existing 200,000 tonnes/year EAF-based billet and slab maker No. 1 Steel Mill at Myingyan. That plant is also undergoing an expansion which the ministry plans to prioritise however. Phase two of the plant is under construction and is planned to add more DRI capacity, another 200,000 t/y EAF and slab caster, a 200,000 t/y hot strip mill and 100,000 t/y CRC line. No commissioning date for that project has yet been confirmed however.
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Anonymous
Very good overview of the weekly steel market.
Anonymous