According to media reports, on December 30, 2018, New Year's Eve, all three hot stoves in Dexin Iron and Steel's No. 1 blast furnace system were sealed. Entering the new year, on January 5, 2019, the lifting of the 15-belt shell of the 1 # blast furnace body was completed.
Hot blast stoves and blast furnaces are the most important and core buildings in the ironmaking system. Therefore, the top sealing of hot blast stoves in this blast furnace also means that important progress has been made in the project of 3.5 million tons ironmaking in Qingshan Indonesia.
At present, Castle Peak has completed the construction of 3 million tons of Stainless Steel Project. This 3.5 million tons of ironmaking project is the next plan. Castle Peak will build a comprehensive project of stainless steel and carbon in Indonesia.
The project is located in the Molowali Industrial Park in Central Sulawesi Province, Indonesia. It is constructed by Tsingshan Group, Delong Holdings and PT Indonesia Morowali Industrial Park. The total investment of the project is US$980 million.
According to previous media reports, 45% of the ownership structure of the steel project is owned by Delong Singapore subsidiary, 43% by Shanghai Dingxin, a subsidiary of Castle Peak, and 12% by Molowali Industrial Park, Indonesia.
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