Minitec in talks sell two EOFs to Indian steel cos
Brazilian steel technology supplier Minitec is negotiating a 3 million dollars contract to sell two Energy Optimising Furnaces (EOFs) to Indian steel companies - SLR Steel and SBQ Steel.
By PTI |
NEW DELHI: Brazilian steel technology supplier Minitec is negotiating a 3 million dollars contract to sell two Energy Optimising Furnaces (EOFs) to Indian steel companies - SLR Steel and SBQ Steel.
"Minitec will do feasibility studies of EOF installations at each mill, with capacities to produce 3-7 lakh tonnes per year of steel, respectively, with the investment of US 1.5 million dollar on each mill. An EOF installation takes about eight months," the Steel Business Briefing (SBB) reported quoting Mintec Director Henri Pfeifer as saying.
The company has already been involved in more than 20 Indian projects, including mini blast furnaces and EOF (Energy Optimising Furnace) steel plants. Now it is negotiating to sell new products, including mini sinter plants.
One of the Indian projects is at Southern Iron & Steel Co (Siscol), part of the Jindal South West steel group. In October, the company is likely to inaugurate its second EOF plant, with capacity to produce 600,000 tonnes per year, raising Siscol's output to 1 million tonnes per year.
Minitec hopes that after this plant is inaugurated, other orders will come its way both from existing customers and from potential new clients that the company delegation met during a visit to India last week," it said.
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"There are lots of Indian companies that will like to construct small steel plants, with capacities up to 600,000 tonnes per year. For this tonnage, our technology is one of the most competitive in the world," Pfifer said. Start a SIP with as low as ₹500 with ET Money App!
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