Myanmar Steel millBurma Steelworks
"This plant was constructed on the basis of the Pin Pet Mine. 40 MW of electrical energy is generated from the plant's wastes. Of this amount, 15 per cent will be fed back to the state', said an officer of the ministry. Each year, the plant will be producing 200,000 tons of hot metal from the approximately 70 million tons of scrap metal found there.
This will be the first ironworks in the Pin Pet area.
Burma Steel Industry and Trade
Myanmar's main steel industries are the public sectors, the privat sectors (industrial zones) and the Myanmar Economic Corporation (MEC). The public authorities have a combined annual production of 40,000 tons of wrought steel scrap metal and 30,000 tons of hot metal or ingots and 30,000 tons of steel billets.
Approximately 100,000 tons of steel is produced annually in the privately owned business (industrial zones). Myanmar Economic Corporation (MEC), a quasi-governmental organization, is the dominating actor in the steel and steel industries in Myanmar. All in all, the Group runs five large steelworks with a combined annual output of 850,000 metric tons.
According to SEAISI estimations, Myanmar was importing around 619,000 tons of steel in 2010. The largest part of the imports consisted of steel for the building industry. The January-October 2011 figures show a global imports of 436,000 tons of steel, a decrease of 21% year-on-year.
Myanmar's imports of billets in the first ten month of 2011 have nearly twice as much as in 2010, at 117,000 tons. Its most important article of export is steel bars. From January to October 2011, Myanmar exported approximately 179,000 tons of ingots, a decrease of 22% year-on-year. The most important imports were China, South Korea and Thailand.
In the first ten moths of 2011, 64,000 tons were imported, 12% more than in the previous year. The most important imports were South Korea, China and Thailand. Imports of rolled steel were somewhat steady at 23,000 metric tons, the majority of which came from China. Imports of steel flats into Myanmar are not significant.
Panel imports recorded 11,000 tons between January and October 2011, a significant 63% year-on-year decrease. Thailand was the biggest importer (74% of all imports). In the first ten month of 2011, 23,000 tons of hot-rolled and 26,000 tons of cold-rolled were imported, an increase of 5 percent and 32 percent, respectively.
South Korea was the most important importer. Imports of shallow products will primarily benefit the petroleum and natural gas industries, which are set to continue growing. Imports of hot-dip galvanised and colour-coated thin steel were 28,000 metric tons and 13,000 metric tons respectively in the January to October 2011 periods, an increases of 15% and 22% compared with the previous year.
India and Thailand were the main countries for HDG imports. Meanwhile, Taiwan was the main importer of color-coated sheets. Imports of other laminated sheets such as galvanised steel and tin-free steel were only between 1,000 and 2,000 t. The total amount of metal that was imported was between 1,000 and 2,000 t.