17
Jul
15:45
Eastern Steel restarts slab plant
Malaysia’s Hiap Teck has confirmed to Kallanish that it restarted the blast furnace at its Eastern Steel joint venture on 16 July. The 700,000 tonne/year plant had been idle for around three years.
The plant, originally invested in by China’s Shougang, was restarted with funds from its new investor, China’s Shanxi Jianlong. Shanxi Jianlong, part of Jianlong Group, bought out Shougang’s share in the venture and then bought a furt…
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Anonymous
Very good overview of the weekly steel market.
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