Sinosteel Corp., China’s biggest iron-ore trader, plans to expand capacity at its ferrochrome plant in Zimbabwe by as much as 30 percent, a company executive said on Thursday.
“We are planning to expand the ferrochrome capacity there by 50,000-60,000 tons, from the current 200,000 tons a year,” Zhang Suwei, managing director at Sinosteel South Africa (Pty) Ltd., said in an interview in Hong Kong with Bloomsberg today.
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