Huaxiao Metal Corporation Limited.

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
  • Hot Rolled Stainless Steel

    Hot Rolled Stainless Steel

    August 30, 2018Advantages of hot rolled stainless steel plate The hot-rolled stainless steel plate has the characteristics of low hardness, easy processing and good ductility. The hot-rolled stainless steel sheet i...view
  • Japan'S Third-Largest Steel Producer Was Exposed To Malicious Tampering With Data

    Japan'S Third-Largest Steel Producer Was Exposed To Malicious Tampering With Data

    May 3, 2018In October of last year, Japan's old Steel Corp, Kobe steel, was exposed to the scandal of tampering with data. According to Japan's Kyodo news agency in April, 25 Daily said, the special search depar...view
  • Rose Gold Stainless Steel Plate

    Rose Gold Stainless Steel Plate

    August 24, 2018The surface corrosion resistance and wear resistance of the rose gold stainless steel plate are stronger than that of the ordinary stainless steel. It can resist the salt fog corrosion for more than 1...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
  • The European Union Carries Out Protective Tariffs On Steel

    The European Union Carries Out Protective Tariffs On Steel

    July 25, 2018The daily news network of Germany reported in July 19th. As the United States levied import tariffs on steel and aluminum products from the EU, China and other countries, the EU also imposed special t...view
  • Properties of BA Stainless Steel Tube

    Properties of BA Stainless Steel Tube

    August 24, 2018Performance of BA stainless steel tubes made of BA stainless steel 1. Excellent corrosion resistance: Due to the thin protective film formed on the surface of the stainless steel BA tube during bright...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.