Iran's Khuzestan Oxin Steel Company has manufactured the first 4.5-meter wide and 12-millimeter thick steel plate which is second to none in the Middle East.
The Moj News Agency reported that the company, which is the largest manufacturer of wide steel plates in the region and one of the ten holding this technology in the world, set a new record by manufacturing this product.
The wide plates made in this factory are unique in quality are used in making huge pipes, ships and steel tanks.
Khuzestan Oxin Steel Company uses state-of-the-art mechanical and automatic machinery for its production.
The main duty of the company is to produce various kinds of steel plates with different thicknesses and high strengths.
Operations in the factory include direct reduction, melting and wide slab casting and producing wide plates.
Among the 20 largest steel producers of the world only Iran, China and India have not been affected by the global economic crisis and Iran ranks first in terms of growth.
The Islamic Republic of Iran Broadcasting reported that according to statistics released by the World Steel Association the meltdown has caused steel production in 17 countries to be reduced.
Crude steel production in the nine month period ending December 21 reached 7.8 million tons, showing a 4 percent growth compared to the same period the year before.
The report added that the total exports of crude steel and steel products in this period hit 825,583 tons worth $358 million, which is 71 percent more in terms of weight compared to the year before.