Tsingshan to invest $800M to expand its Zimbabwe steel plant – The Zimbabwe Mail

📅 Published: August 26, 2025

📰 Source: thezimbabwemail

Curated by AllZimNews.com

Project director Wilfred Motsi says the funds would be allocated towards a blast furnace and supporting infrastructure to lift capacity from the current 600,000 metric tons of carbon steel annually to 1. 2 million metric tons.

But Motsi said the company would first assess whether market demand for carbon steel can absorb a sharp increase in output, adding that the funds would be used to build centering, rolling and steel plants and a blast furnace. “We are ready for the next stage, but we will look closely at market conditions before committing.

We need to be sure the market can take that much product,” said Motsi.

The first phase included a 50MW thermal power plant to reduce reliance on Zimbabwe’s strained electricity grid.

The plant will also generate additional power from furnace gas to cover about 20% of its needs, management said.

Zimbabwe hopes the plant will help reduce the country’s steel import bill, estimated at $1 billion annually. 🔗

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