Emirates Steel diversifies products for offshore projects
Abu Dhabi, June 25, 2013
Abu Dhabi-based Emirates Steel’s $1.6 billion heavy sections mill is diversifying its product range, to include a new range of structural steel, for supply of offshore oil and gas structures.
The 15-year-old steel maker has a capacity to produce one million tonnes of structural steel per year, with enhanced mechanical properties that are often specified in offshore oil, gas and petrochemical projects, said a statement.
The new structural steel being developed is the S355J2 which maintains its impact strength even at -20 degree C.
CEO Saeed G Al Romaithi said: “We are ramping up production to reach the one million tons level possibly in three years’ time when we would have developed our product range and optimized our rolling mill efficiency”.
The mill currently has a wide range of products from medium light sections to heavy jumbo sections with sizes from approximately 200 to 1,000 millimeters in depth, he said.
By producing these enhanced grades, Emirates Steel should be in a better position to cater to the heavy sections market in the Mena region, which is currently supplied largely by imports. “We have identified the product grades that are required by our customers and we are producing them to order,” he pointed out.
This structural steel is produced as per global norms and the company is also developing its own bespoke sheet piling designs in grades meeting global standards as well, said the statement.
According to the latest available reports, the oil and gas sector in the GCC region plans to invest around $700 billion to boost its capacities. To respond to these and other developments, the GCC steel sector aims to spend over $18 billion to accommodate growth and meet extra demand, said a report. - TradeArabia News Service