Jindal Shadeed Turns Oman into Net Exporter of Steel
Oman Observer reported that Oman has made the important transition from being an importer of steel to a net exporter over the past five years. Jindal Shadeed Head of Production Planning, Shipping and Logistics Mr Sameer Gupta said “From 2015 to 2020, we have been able to turn Oman from an importer of steel. Oman was importing about a million tonnes of steel per annum to a net exporter of steel; today we are exporting about 1.5 million tonnes of steel per annum.”
He said “We have invested close to USD 1.2 billion in Oman, having brought the latest steelmaking technology to this part of the world. Today, we manufacture about 1.8 million tonne of DRI, 2.3 million tonne of steel and 1.5 million tonne of rebar every year.” A dedicated 600-metre-long jetty earmarked for Jindal Shadeed’s exclusive use at Sohar Port enables the exports of around 1 million tonnes of steel products, including rebars, to international markets every year. Export markets include those in North and South America, Europe and for the first time this year, to Australia as well. Around 3.5 million tonnes of raw materials are also imported, primarily from India, for the project’s requirements.”
Mr Gupta also underlined the plant’s unique capabilities that allow for the production of special types of steels. He said “We are the only plant in the GCC with a vacuum degassing facility which helps us in producing special grade alloy steels for use by downstream industries for special applications, such as in the manufacture of automotive parts.”
Mr Gupta also noted that the Free Trade Agreement between Oman and the United States has also been beneficial for the Jindal Shadeed project.