Shougang’s Malaysia jv mill produces first slab

Eastern Steel, a joint venture between northern China flats major Shougang Group and Malaysia’s Hiap Teck Venture Berhad (HTVB), has produced its first slab, according to reports in local Chinese media.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The successful commissioning of the plant comes almost three-and-a-half years after Shougang and HTVB first inked the contract on July 22, 2011.

Eastern Steel, which is located in Teluk Kalung, Terengganu state, on the east coast of peninsular Malaysia, is Shougang’s first overseas project, and includes sintering, iron making, steelmaking and casting.

At present the project is in its first phrase, with an initial annual output of 700,000 tonnes of slab, which will then increase to 1.5 million tonnes. Once fully completed, the plant will have a total slab output of 3 million tpy.

What to read next
Fastmarkets proposes to discontinue the converted price assessments for the following markets:
Fastmarkets has discontinued the following converted price assessments:
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore port index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia’s Pilbara region.
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
Fastmarkets wishes to clarify in this pricing notice its current methodological approach to Russian brands in its metals and mining pricing assessment process after Russia’s unprovoked invasion of Ukraine.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed