Iranian Knowledge-Based Company Launches Steel Ingot Production Line
Capacity of the new production line of the knowledge-based company is annually 100,000 tons of steel billets.
“We needed an induction furnace to complete this new production line. For that, after searching the country's market, we found out that an Iranian knowledge-based company has achieved the technology to produce induction furnaces and offered them in the market. We offered to that knowledge-based company to purchase their induction furnace with a capacity of 15 tons. Subsequently, the Innovation and Prosperity Fund supported both the buyer and seller companies with leasing facilities,” Iman Faiz Azimi, the manager of knowledge-based company said.
“Steel billets are produced from the waste that is melted by the induction furnace, and these billets will be the raw material for rolling mills, rebars, and beams,” Faiz Azimi added.
He added that billets are of too many uses in the industry and are used in the production of a lot of industrial parts.
“This product is very popular in the iron market. Billet, as one of the intermediate products of steel rolling, has a circular or square cross-section susface. The cross-section area of the billet is less than 230 square centimeters and it is longer than the steel ingot. It is generally used to produce long products such as rebars and steel wire."
"This billet production process is not knowledge-based and can be easily done with a melting machine, but the type of billet that we produce is alloy steel and is made from micro-bar ingots, which have a low percentage of elements. When the percentage of elements in the alloy is low, adding them to the melting process is difficult and requires a lot of knowledge. Our company was able to receive the knowledge-based title due to the acquisition of this technology," Faiz Azimi continued.
He also declared that his company will plan to launch a billet steel production line in the future.
"We started our work with 12 people and a monthly production capacity of 50 tons, and now 70 people are working in the company, and our production capacity has reached 1,000 tons per month, which with the installation of a new furnace and the construction of the second phase, our monthly production capacity will increase to more than 4,000 tons," the managing director of the company said.
"We are negotiating to receive 4.5 megawatts of electricity, and if this amount is supplied to us, we can increase our production capacity to more than 7,000 tons,"
"We have been able to export to neighboring countries. Recently, our company has entered into negotiations with Oman, and if we can increase our production capacity, we can enter into broader cooperation with that country," he concluded.
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