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Xiangyu Group's stainless steel project in Indonesia to be fully operational in 2021

20 Jan 2021 16:31 reported by Hazel Chen

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The new stainless steel production integration project with an annual capacity of 2.5 million tons invested by China's Xiangyu Group in Indonesia has reached the production target of its steel mills and ferronickel plants under the strict control of the COVID-19 epidemic.

This project can not only reduce production costs by 20%-30% but also form a stable international supply chain.

The project was expected to be fully operational this year, with an annual output value expected to exceed RMB 30 billion.

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