Huaxiao Metal Corporation Limited.
banner

Castle Peak Steel Group Overseas Investment Was Supported To Build Four Cold-Rolled And Ferrochrome

Recently, the Export-Import Bank Shanghai Branch United Business Department, Zhejiang Branch, Zhejiang Branch provided overseas investment loans to Qingshan Iron and Steel Group through an in-bank syndicate to support its investment in the construction of the Qingshan Industrial Park Phase IV project in Indonesia.
Indonesia is a country along the maritime Silk Road Economic Belt. Its nickel, copper, gold and silver are rich in mineral resources and possesses 60% of the world's lateritic nickel ore. Castle Peak Iron and Steel Group under the Shanghai Ding Investment Co., Ltd. and Indonesia's Eight Star Group to invest in cooperation, with MOROWALI County, Sulawesi Province about 47,000 hectares of nickel ore mining rights, and in 2013 in the county to set up Castle Peak Industrial Park. The industrial park was included in the framework of China Indonesia's comprehensive economic cooperation zone signed in October 2013.
Aoyama Industrial Park Phase IV Project will form 600,000 tons of ferrochrome and 700,000 tons of cold rolling capacity to support the demand for raw materials in the park and expand the production line. The total investment of 460 million U.S. dollars, of which 320 million U.S. dollars through the Export-Import Bank syndicated loan solve. The smooth implementation of this project is of great significance to solving the overall shortage of domestic nickel resources, promoting Sino-Indian cooperation in production capacity, driving local employment in Indonesia and enhancing the international competitiveness of enterprises. This shows that Ex-Im Bank is supporting "international capacity-production cooperation" and boosting China Enterprises participate in the "Belt and Road" project construction plays an important role.
Related News
  • Market Price Of Stainless Steel Coil In September

    Market Price Of Stainless Steel Coil In September

    October 9, 2018Tags: 200 series, 300 series, 400 series.304:304/2B: the average price for slit-edge of POSCO 2.0*1219*C in wuxi market this month is 16,033 yuan/ton, 186 CNY/MT higher than last month, up 1.17%. Fosh...view
  • 316 Stainless Steel Coil

    316 Stainless Steel Coil

    August 16, 2018Corrosion resistanceIts corrosion resistance is superior to that of 304 stainless steel and it has good corrosion resistance in the production of pulp and paper. And 316 stainless steel is also resist...view
  • Global Stainless Steel Production and Trend of Variety Structure

    Global Stainless Steel Production and Trend of Variety Structure

    July 10, 2018ISSF:2013-2018 global stainless steel crude steel production statistics unit: 10000 tonsFrom the above charts, we can see that although North America and Asia (except China) have a certain increase in...view
  • Development of Cold Rolled Stainless Steel Strip Production Technology

    Development of Cold Rolled Stainless Steel Strip Production Technology

    July 4, 2018The production of cold rolled stainless steel strip occupies a very important position in the production of stainless steel. About 70% of the stainless steel is converted into cold rolled steel strip,...view
  • Deep Drawing Steel

    Deep Drawing Steel

    August 16, 2018Deep-drawing steel has excellent formability and excellent uniformity of properties. It is a gapless steel with a very low carbon content and the addition of alloy stabilizing elements. It is a steel ...view
  • 2205 Duplex Stainless Steel

    2205 Duplex Stainless Steel

    January 25, 2019The main alloy elements of 2205 duplex stainless steel are Cr, Ni, Mo and N, of which Cr content is 22%. Cr and Mo increase the content of ferrite, while Ni and N are austenite stable elements, and so...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • EMAIL:export@huaxiao-ss.com
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.