Chairman of State Administration Council Prime Minister Senior General Min Aung Hlaing Inspects No (1) Steel Mill (Myingyan) under Ministry of Industry

The Chairman of the State Administration Council (SAC) Prime Minister Senior General Min Aung Hlaing inspected the No (1) Steel Mill (Myingyan) under the Ministry of Industry in Myingyan township of Mandalay region on 24 January.

Regarding the functions of the Steel Mill, the Chairman of the SAC Prime Minister stressed the following points:

• The country primarily requires deformed iron bars. As the country demands a large volume of steel, the steel production projects must be implemented for completion as scheduled.
• During the construction project, 99.34 per cent and 95.02 per cent of machinery for Steel Mill (Myingyan) had arrived. But, the Hluttaw decided to stop the project under voting in 2017. So, the country lost a lot of funds. Now, the loan is being paid back.
• Production of steel is of importance for the nation. Supervision must be made for the timely completion of the project in respective parts.
• As the country needs a lot of steel wares for construction projects, businesspersons are allowed under the disciplines for producing steel wares.
• Myanmar possesses iron ore, coal and limestones to be used in the production of steel. If efforts can be made for the production of steel wares to be used in construction projects in states and regions, the import of steel wares can be cut.
• In so doing, it is necessary to consider the work process under the strategy for the State.

Afterwards, the Chairman of the SAC Prime Minister Senior General Min Aung Hlaing underscored that Myingyan Steel Mill will be a major drive for the development of iron and steel wares in Myanmar and the improvement of Myanmar industries. The Prime Minister then inspected the foundry and Melt Shop 2 of the mill and gave instructions on reports of the officials.

• Production of steel is of importance for the nation. Supervision must be made for the timely completion of the project in respective parts.
• As the country needs a lot of steel wares for construction projects, businesspersons are allowed under the disciplines for producing steel wares.
• In doing the processes, it is necessary to consider the work process under the strategy for the State.