A stel mill using Romelt Process will be operational in October, said an official from the Ministry of Industry.
This mill is established on 5,260.50 acres of land at Pin Pet region, 8 miles away from Taunggyi, Southern Shan State. The ministry already entered into agreement worth 137 million euros with Tyazhprom Export from Russia to produce iron ore in 2014.
The mill is expected to annually manufacture 200,000 tonnes of pig rion and 720,000 tonnes of iron ore. Myanmar is faced with the burgeoning demand of steel year by year.
The construction of this mill aims at substituting the imported steel from abroad.
The iron ores produced from Pin Pet steel mill will be sent to steels mill in Myingyan Township in order to produce the steel raw materials like billets and slag.
The pig oil will be produced from iron ore using the Romelt. It is the first time to produce the pig iron from iron ore with the use of Romelt process, it is learnt.
According to the geological measurement, the mill is constructed near the mines which can possibly produce 10.7million tonnes of Hematite iron ore with56.4 per cent of iron ore property, 59.3million tonnes of Lemonite iron ore with 42.6 per cent of iron ore property.
Source: Global New Light of Myanmar