Zimbabwe's Steel Industry Revitalized with New $1.5 Billion Plant

Via Metal Miner Zimbabwe’s got itself a brand new iron and steel manufacturing plant, courtesy of the Chinese. This U.S. $1.5 billion Chinese-built plant’s blast furnace recently came online and is already producing pig iron, a crucial ingredient for making steel. The team over at Dinson Iron and Steel Company Disco, the Zimbabwean subsidiary of Chinese steel giant Tsingshan Holding Group, announced the production of their very first batch of pig iron on June 13.

According to analysts from inside and outside the country, these resources have the potential to help alleviate the country’s economic crisis. Zimbabwe Set a High Bar The Engineering, Iron, and Steel Association of Zimbabwe EISAZ has set its sights on raking in a staggering $6 billion from exports each year. Clearly, they’re counting on this $1.5 billion steel plant in Manhize to help them achieve this ambitious goal.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Steel Industry Battles Cheap Chinese ImportsIndia's steel industry faces a crisis as cheap Chinese imports flood the market, leading to calls for import curbs and concerns about the nation's steelmaking future.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Steel Industry Reacts to Import Caps and Tariffs with Cautious ApproachThe European steel industry faces uncertainty as import caps, tariffs, and economic factors impact prices and demand.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Liberty Ostrava's Insolvency Raises Concerns for European Steel IndustryLiberty Steel Ostrava, a major steel manufacturing plant in the Czech Republic, faces insolvency and seeks a buyer amidst financial difficulties and uncertainty surrounding carbon emissions allocations.
Source: OilandEnergy - 🏆 34. / 68 Read more »