High
Furnace of the Iron Plant, June 24, 2024 Photo: @J_KSmith1
Located in the area of
Mvuma, the steel plant is equipped with cutting-edge technology
On
Monday, in Zimbabwe, the new steel factory of the China Tsingshan Holding
Group, has started its furnaces. One of the main productions of the plant will
be the pig iron. Pig iron, also known as crude iron, is produced by melting
iron ore in a blast furnace.
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Located
in the area of Mvuma, the steel plant is equipped with cutting-edge technology,
which will allow efficient and environmentally friendly production, fostering
sustainable development.
The
investment of $1.5 billion stands out not only for the magnitude but also for
the economic boost that will mean for metarulgia in Africa and local
development.
The
Tsingshan steel plant is located in the Mvuma region, and is expected to
produce up to one million tons of steel per year, this will increase the supply
of metal in the African market and will also serve as a source of employment
for local residents.
The
plant will initially produce 600,000 tons of steel per year at the peak of its
first phase and production is expected to reach five million tons in the final
phase of the plant’s expansion.
Tsingshan’s
investment in Zimbabwe is a clear signal of the region’s potential for
industrial development. This plant is not only a milestone for the Chinese
company, but also for Zimbabwe, which is positioned as an emerging center of
the steel industry in Africa. Tsingshan, the world’s largest producer of
stainless steel, also has other projects in Africa under the subsidiary of
Dinson Iron and Steel Company.