10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
34.99 EUR EUR EUR
32.25 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Indonesian Dexin Steel to launch third blast furnace

Dexin Steel will launch its third blast furnace in September 2023. The facility is located in the Morowali Industrial Park on the island of Sulawesi in Indonesia. It is owned by Dexin Steel, which is part of the Chinese Delong Group.

Indonesian Dexin Steel to launch third blast furnace

In July, Dexin Steel commissioned two blast furnaces. The production capacity of each of them is 2 million tons per year.

The third furnace was expected to start operating in August 2023, but Dexin Steel has delayed the start of the unit for undisclosed reasons. In addition, the company announced that the total capacity of the enterprise after the launch of the third furnace will reach 7 million tons, although 6 million tons were originally announced.

The company also changed plans for the volume of output. Earlier, Dexin Steel announced that it would supply up to 1 million tons of long products, 1 million tons of wire rod, 1.8 million tons of slabs and 2.2 million tons of billets each year. Now the company expects to produce up to 1 million tons of long products, 500 thousand tons of wire rod, 2.2 million tons of slabs and 3.3 million tons of billets per year.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Sabancı Holding's Solar Power Plant project in the USA was put into operation

Monday, May 20, 2024

Özyaşar Tel's book collection date has been announced

Monday, May 20, 2024

Russian scrap prices are expected to fluctuate

Thursday, May 16, 2024

Increased consumption of cold-rolled coils noted in Mexico for march

Saturday, May 18, 2024

Vietnam steel industry hopeful for 2024

Saturday, May 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now