Chinese steelmaker Delong Holdings invested Indonesian joint venture PT Dexin Steel began continuous casting of steel slabs on 28 June 2021 at Morowali Industrial Park Central Sulawesi plant. The addition of slab to the billet, wire rod and rebar already in production is expected to boost Dexin's competitiveness in Indonesia and overseas markets. Dexin had commenced operations of its first blast furnace in March 2020, selling billet and wire rod to the domestic and overseas markets. The second 1,780 cubic meters blast furnace was commissioned in February 2021 has an annual production capacity of about 2 million tonne. With the addition of the second blast furnace, company's annual production of crude steel is expected to reach 4 million tonnesl annually. With the addition of the third blast furnace sometime in late 2022, full operating capacity is expected to reach 6 million tonnes per year. PT Dexin Steel is a joint venture between Delong Steel Group, Tsingshan Holding Group, Indonesia Morowali Industrial Park and Hanwa. Delong Steel Singapore Projects, a subsidiary of Chinese steelmaker Delong Holdings, has a 60% stake in the venture and Hanwa 10%. The joint venture is currently also choosing sites in Indonesia for further production boost, totaling 14 million million tonne per year in fresh capacity, bringing the steelmaker's plan for a collective output to 20 million tonne per year.
Chinese steelmaker Delong Holdings invested Indonesian joint venture PT Dexin Steel began continuous casting of steel slabs on 28 June 2021 at Morowali Industrial Park Central Sulawesi plant. The addition of slab to the billet, wire rod and rebar already in production is expected to boost Dexin's competitiveness in Indonesia and overseas markets. Dexin had commenced operations of its first blast furnace in March 2020, selling billet and wire rod to the domestic and overseas markets. The second 1,780 cubic meters blast furnace was commissioned in February 2021 has an annual production capacity of about 2 million tonne. With the addition of the second blast furnace, company's annual production of crude steel is expected to reach 4 million tonnesl annually. With the addition of the third blast furnace sometime in late 2022, full operating capacity is expected to reach 6 million tonnes per year. PT Dexin Steel is a joint venture between Delong Steel Group, Tsingshan Holding Group, Indonesia Morowali Industrial Park and Hanwa. Delong Steel Singapore Projects, a subsidiary of Chinese steelmaker Delong Holdings, has a 60% stake in the venture and Hanwa 10%. The joint venture is currently also choosing sites in Indonesia for further production boost, totaling 14 million million tonne per year in fresh capacity, bringing the steelmaker's plan for a collective output to 20 million tonne per year.
