| • | New plant will produce 320,000 metric tons of rebars and special bar quality (SBQ) steels per annum for the Indian and international market |
| • | Rolling mill will also be able to run in multi-slit mode |
SLR Metaliks Ltd., an Indian pig-iron producer, has awarded Siemens Metals Technologies an order to supply a state-of-the-art bar rolling mill for its new steel plant near Hospet. The rolling mill will be designed for an annual production of 320,000 metric tons of rebars and special bar quality (SBQ) grades, primarily for the automotive industry. Bars with smaller diameters will be rolled in multi-slit mode. The new steel plant in Hospet is a value-addition project within the expansion plan of SLR Metaliks Ltd. The bars will be produced to serve both national and international markets. The plant is scheduled to be brought into operation in the first half of 2016.