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VISA Steel resumes operations of its Steel Melt Shop,Ladle Refining Furnace, Vacuum Degassing and Rolling Mill

India Blooms News Service | 26 Jul 2016, 10:12 pm
New Delhi, July 26 (IBNS): VISA Steel on Tuesday said it has resumed operations of its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing and Rolling Mill after prolonged shutdown.

"Due to acute scarcity of raw material at viable prices, depressed Steel market and shortage of working capital, the Company was not able to operate its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing & Rolling Mill for a considerable period.  Consequent to improved availability of raw material and after renovation of its Blast Furnace & DRI Kilns, the Company has resumed operations of its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing & Rolling Mill from the early afternoon on Monday, 25th July 2016," the company said in a statement. 

The Company intends to make Special Steel Long Products by using Hot Metal from its Blast Furnace and DRI from its Sponge Iron Plant.  The Special Steel products include Bars & Wire Rods for the auto component, railways & defence sectors.

The Company’s Chairman, Vishambhar Saran, Vice Chairman & Managing Director, Vishal Agarwal, Director (Kalinganagar) Manoj Kumar and other senior executives of the Company were present at the time of starting of Steel Melt Shop & Rolling Mill at its Kalinganagar Plant on July 25.

VISA Steel resumes operations of its Steel Melt Shop,Ladle Refining Furnace, Vacuum Degassing and Rolling Mill

India Blooms News Service
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