Dana Steel Sets Up Cold Rolling Mill Expansion Project – News

The company obtained a credit line of 300 million dirhams from class A banks.



Published: Fri 13 May 2022, 00:03

Last update: Fri 13 May 2022, 00:06

Dana Steel, a local manufacturer of galvanized steel coils, prepainted galvanized steel coils, has announced the expansion of its cold rolling mill.

The proposed expansion is Phase 2 of the Dana Steel CRM Complex Project, while Phase 1 of the project was commissioned in July 2021.

Phase 2 of the project will be a new upstream integration of Dana Steel Industry’s CGL and CCL line, in which Dana Steel will manufacture the cold rolled full hardness (CRFH) raw material, helping the company to replace imports with ‘ Local Dana Steel Made in UAE ‘CRFH,

The company also plans to supply more HRPO (Hot Rolled Pickled and Oiled), CRCA (Cold Rolled Close Annealed) to local and export market.

markets. The raw material to be imported will be Hot Rolled (HR) coils and other HRPO (Hot Rolled Pickled and Oiled) coils, (Full Hard Cold Rolled CRFH), CRCA (Cold Rolled Closed Annealed) will be made in-house at Dana Steel Industry. new factory.

The company has completed a world-class, state-of-the-art Hitachi plant and secured a one million square foot land facility in the industrial city of Dubai and a MAD 300 million line of credit from leading banks. class A.

Dana Group is now seeking strategic partners and customers to help market its products in the GCC and around the world.

Dr. Ankur Dana, CEO of Dana Steel Industry, said, “With the huge demand for steel in the world, we are very happy to start this project at the earliest. We are very optimistic about the future of our steel industry in the Middle East. — [email protected]