China Steel investing $62.5M in Malaysia ferroalloy project

Jun 19, 2013 | 09:48 AM | Weilyn Loo

Tags  China Steel, ferroalloys project, Sakura Ferroalloys, Assmang, ferromanganese, high-carbon ferromanganese, silicomanganese, manganese Weilyn Loo

SINGAPORE — Taiwan’s China Steel Corp. plans to spend $62.46 million to acquire a 19-percent stake in Sakura Ferroalloys Sdn Bhd, a project in the Malaysian state of Sarawak, the company said June 19.

The joint venture, led by South African manganese ore and ferroalloys supplier Assmang Ltd., will produce high-carbon ferromanganese and silicomanganese, Kaohsiung-based China Steel said.....





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