Lion Industries to produce 2.5 Million Tonnes of HRC
Malaysian steel maker Lion Industries Corporation Bhd will be restarting its flat products steel project to produce hot-rolled coil in the second quarter of 2021
Malaysian steel maker Lion Industries Corporation Bhd will be restarting its flat products steel project to produce hot-rolled coil in the second quarter of 2021 with a production capacity of 2.5 million to 3 million tonnes a year. The company is also planning to invest in a blast furnace project with the first phase involving an investment of RM3 billion comprising a 3,000 cubic metres BF, sinter plant, coke oven and two converters to add its existing three arc furnaces, ladle furnace and caster. Lion Industries said production capacity from these projects will be 5.5 million tonnes per annum of which 4.5 million tonnes will be to produce HRC and 1 million tonnes will be for the manufacture of high-grade polished shaft bars and wire rods.
With the existing capacity of 1.2 million tonnes of steel bars and wire rods by Amsteel Mills Sdn Bhd and Eden Flame Sdn Bhd formerly Antara Steel Mills Johor, Lion Industries total steel output will be 6.7 million tonnes per annum.