25
Apr
05:41
E United moves forward on Indonesian ferronickel investment
Taiwanese local media have reported that Taiwan's main stainless steel producer Yusco and its parent company E United hope to sign an investment Memorandum of Understanding (MoU) with the new Indonesian government. The company hopes that the newly-invested ferronickel plant will be completed two years after the start of construction, Kallanish notes.
E United will invest TWD 10 billion ($323.8 million) in the new plant, although the company is…
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Very good overview of the weekly steel market.
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