Sri Lanka’s Ceylon Steel Corporation is to install a rolling line, the first of its kind in South Asian countries.

The $18M project will be commissioned by Q3 2011 and will produce rebar for the construction industry.

Ceylon Steel was acquired by UAE-based Onyx Group in September 2009. Danieli Morgardshammar will supply the rolling mill, which will mean the company can produce 250kt/y of steel products.