Indian Primary Producers likely to expand Finish Long Production

SAIL’s Finish Long production is likely to boost up in a few months, as its newly opened plant at Burnpur will increase production from 0.35 MnT to 2.3 MnT.

Steel Authority of India (SAIL), one of the largest state owned steelmaker (a primary producer) had set up a new plant of Finish Long a few months ago at Burnpur in West Bengal, whose production is likely to raise in near future.

Company official said, “Presently, only Re-bar & Wire Rod is produced at the Burnpur plant; Billet needed for production is supplied by the Durgapur unit. Total production of Re-bar & Wire is at around 0.35 MnT pa, which is estimated to reach 2.3 MnT pa till April, 2014 including other Finish Long items.”

In production of 2.3 MnT Finish Long, SAIL will produce around 1 MnT Re-bar, 0.5 MnT medium & heavy size Structure, 0.5 MnT Wire Rod, 0.3 MnT Round and including other Finish Long items, he added further.

SAIL had raised the Re-bar offers for Jan, 2014 owing to improved demand in India. Now, increment of INR 500-1,000/MT in price is expected for Feb, 2014.