SHANGHAI, Jun. 20 (SMM) - China’s Delong Holdings Limited plans to build a stainless steel factory in the Morowali Industrial Park in Central Sulawesi, Indonesia, the Jakarta Post reported.
What’s Price Outlook for Nickel Market for Rest of June? SMM Reports
The plant, with an investment of around $950 million, is designed to have production capacity of 3.5 million tonnes.
Delong’s subsidiary, Delong Steel Singapore Projects Pte Ltd. will own 45% of shares of the joint venture, while 43% will be owned by Shanghai Decent. The remaining 12% will be owned by PT Indonesia Morowali Industrial Park.
Domestic Stainless Steel Mills See Inventory Pressure Alleviating Slightly, SMM Reports
The plant will manufacture steel bars, wire and slab, according to the report.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
