25
Jun
01:00
Indonesia to build steel plant in China
Indonesia’s Growth Steel Group has signed an agreement with China’s Jiangsu Suzhou Steel Group (Sugang) to build a 400,000 tonnes/year ball bearing plant in Suzhou. Growth Steel already supplies nickel pig iron from its Indoferro division, Kallanish notes.
No date was given for commissioning but the plant is planned to have a 200,000 t/y first phase and will double capacity in phase two. The plant is to produce wear-resistant balls for use in min…
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Anonymous
Very good overview of the weekly steel market.
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