21
Nov
05:08
Chinese steelmakers target Indonesian investment
According to Indonesian local media on 19 November, China’s Sinosteel plans to set up steel mills in Tarakan city. In addition, several Chinese mills are under construction in Indonesia, targeting the local market, Kallanish notes.
Sinosteel plans to invest CNY 19 billion ($2.7 billion) in constructing an industrial park in Tarakan. Details of the project have not been revealed but the investment will take place on a 1,000-hectare site in East Ta…
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Anonymous
Very good overview of the weekly steel market.
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