Apart from Steel Imports and Trading we have also successfully commissioned an Induction Furnace. We have built this Factory in an Industrial belt called MURBAD located in Maharashtra State, India and were producing Mild Steel Ingots which we would sell to Re-Rollers for subsequent rolling. Our manufacturing capacity was approximately 60000 Mts per annum and we successfully operated at around 90% capacity utilization. This Factory was built using 100% Equity from Internal resources and our Company Director Mr. Narayan Saraf was Head of TREASURY for ALL INDIA INDUCTION FURNACES ASSOCIATION. Due to lack of feasibility in producing this product we have closed operations in this unit.
These scraps are offered to rolling mills and they can use this scrap instead of ingots or billets which will be cost effective for them. It can be bars, billets end cuttings, mis-rolls, rods, beams and plates.
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