Dexin Steel Indonesia (Dexin) has commenced production at its plant in the Indonesia Moro Valley Industrial Park.
The output of the plant is 3.5mn mt per year, according to the China Iron and Steel Association.
Dexin is a three-way partnership between China’s Tsingshan Group, Singapore-based Jiangsu Delong, and the Indonesia Moro Valley Industrial Park itself.
In late February, production activity was partially launched.
Dexin is forecast to produce 1.5mn mt of rod and wire, and steel bars and slabs, this year.
Jiangsu Delong has a 45pc stake in the firm, with 43pc owned by Tsingshan subsidiary, Shanghai Dengxin, and 12 pc belonging to the Moro Valley Industrial Park, Indonesia.
Indonesia steel consumption is expected to reach 22mn mt with an annual growth rate of 10pc.
Steel demand in South Asia is forecast at about 90mn mt.