Emirates Steel, owned by Senaat, has exceeded its last manufacturing record of the company’s steel making plant 2 (SMP2) to achieve 40 heats per day of 6,024t of beam blanks.
The steelmaker has accomplished an unmatched record on international levels from a 150 tonnes electric arc furnace.
Emirates Steel also reported that its rebar rolling mill RM5 production exceeded 500,000t/year in 2016, according to state news agency, WAM.
The direct reduction plants (DRP) production has jumped in 2016 by 9% against 2015, whereas rolling production witnessed an increase of (6.2%) for its (rolling mill 2) RM2 and (7.7%)for RM5 (rolling mill 5), while its SMP2 and SMP3 (steel making plant3) reported production increases by (8.2%) and 10.0%) respectively in 2016.
Last year, Emirates Steel produced 510kt of wire rod, 2,068kt of rebar and 5,47kt of heavy section including sheet piles.
In 2016, the company reported sales of 2,139,203 tonnes of rebar compared to 2,046,314 tonnes in 2015, 422,542 tonnes of wire rod compared to 353,106 tonnes in 2015 and 479,807 tonnes of heavy sections compared to 522,978 tonnes in 2015.
Emirates Steel increased focusing on special segments to achieve additional value for the business across its product lines, such as diversifying its heavy section products by developing in house highly competitive sheet piles; the long structural sections with a vertical interlocking system, mainly used to create a wall which is earth tight or water resistant.
The company reported sales of 51,730 tonnes of sheet piles compared to 15,360 t in 2015 achieving an increase of deliveries of around 236.8%.
Emirates Steel also achieved an increase of 31% in its deliveries of value added rebar and wire rod in 2016, whereas in 2016 it dispatched around 17,426 tonnes of value added rebar, and 49,370 tonnes of value added wire rod.
Emirates Steel attributed the new record to operational improvements completed by the company; accordingly generating positive net profit despite the difficult market environment while achieving cost figures that are below international benchmarks.
The company’s current product range includes; straight length reinforcing bar (rebar) and rebar in coil, wire rod, hot rolled structural steel sections, (beams, columns, channels, and sheet piles), in addition to value-added products; a stronger steel with higher tensile strengths and steels with special mechanical properties so that lesser quantity of steel is required by customers.