Qingshan Holdings expands Zimbabwe steel plant with 800 million US dollars

2025-08-19 15:40:19

On August 16, 2025, according to foreign media reports, China's leading nickel industry giant, Qing Shan Holdings Group, plans to inject $800 million in new investment into its steel project in Zimbabwe to significantly increase production capacity. It is reported that after the funding is in place, the annual production capacity of its Zimbabwe steel plant will increase by another 600000 tons on the existing basis, reaching 1.2 million tons of carbon steel.

The project is located in the Mvuma region of central Zimbabwe and is operated by Dinson Iron and Steel Company, a subsidiary of Qing Shan Holdings. Project Director Wilfred Motsi confirmed this significant investment plan during a recent media visit to the factory.

Mosi introduced that the investment of up to 800 million US dollars will mainly be used to build a modern large-scale blast furnace and its supporting infrastructure. He emphasized that the preparation work for the second phase of the project (i.e. this expansion) is ready, but the company will adopt a prudent strategy and proceed cautiously depending on market conditions. We are ready to move on to the next stage, but before finalizing the execution, we must closely monitor market conditions, "Mosi said." We need to ensure that the market can absorb the new production

Qingshan Holdings has been deeply involved in Zimbabwe for many years. In addition to the core steel project of this expansion, the group has also laid out businesses such as ferrochrome, coking coal, and lithium mining in the local area. The expansion of the steel plant this time is another important measure for Qingshan Holdings to continue to increase investment in Zimbabwe's resource development and industrial construction.