China’s Delong to Build $950m Steel Factory in Indonesia’s Sulawesi-Shanghai Metals Market

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China’s Delong to Build $950m Steel Factory in Indonesia’s Sulawesi

Industry News 10:55:11AM Jun 20, 2017 Source:SMM

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.

China’s Delong to Build $950m Steel Factory in Indonesia’s Sulawesi

Industry News 10:55:11AM Jun 20, 2017 Source:SMM

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.