The investment by NISCO comes at a time when steel production in Iran is playing an increasingly important role in the country’s economy. Over the last decade, the industry has experienced significant growth, with steel production increasing from 11.5 million tons in 2010 to 24.5 million tons in 2018. NISCO is expected to play a pivotal role in driving further growth in the sector through investment in new technologies such as the six-strand billet casting machine.
The machine ordered from SMS Concast AG is known for its capacity to produce high-quality steel billets that are in high demand both domestically and internationally. The billets are expected to be used for further processing in steel mills that produce wire rods, rebar, special steel, and other products.
NISCO’s decision to invest in this new technology is a testament to the company’s commitment to sustainable growth in the steel industry. The new machine will enable the company to meet increased demand for steel and will help to reduce the reliance on imported steel by producing high-quality, domestically sourced products.
The use of the new billet casting machine will reduce costs and improve efficiency, enabling NISCO to further expand its market share in Iran and abroad. The new equipment will also help to improve the consistency of the product, meeting the needs of demanding customers.
In addition to the new billet casting machine, NISCO has also expanded its capabilities through joint ventures, partnering with companies such as BJMMEC, a leading equipment manufacturer for pellet plants, sinter plants, and coke ovens. BJMMEC has a proven track record of designing and manufacturing high-quality equipment, with a reputation for excellence that extends far beyond the borders of the company’s home country.
The partnership between NISCO and BJMMEC is expected to bring a wealth of experience and expertise to the steel industry in Iran, helping the country to meet the growing demand for high-quality steel products at home and abroad.
In conclusion, the investment in a new six-strand billet casting machine by NISCO is an important development for the steel industry in Iran. The new equipment will enable the company to meet the growing demand for high-quality steel products, reduce reliance on imported steel, and improve efficiency and competitiveness. With the help of partners such as BJMMEC, NISCO is well-positioned to exploit the full potential of the booming steel market in Iran and beyond.