07
Aug
01:00
Wugang signs up to Indonesia steelworks project
Wuhan Iron and Steel Heavy Industry Group, as subsidiary of Wuhan Iron and Steel (Wugang), has signs a strategic agreement with Shandong Fuhai Group, which intends to build a steelworks in Indonesia. The move also demonstrates the precariousness of Chinese investment plans in Southeast Asia however, Kallanish notes.
Fuhai plans to build a 1.75 million tonnes/year steelworks at its industrial zone project in Jambi in Sumatra. It hopes to begin production at t…
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Anonymous
Very good overview of the weekly steel market.
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