On January 15, 2025, during the 4th Future Minerals Forum (FMF 2025) held in Riyadh, Shanghai Donghexin New Materials Group Co., Ltd. officially signed an agreement with Saudi local company Al Watania for Industries (WFI) to jointly build Saudi Arabia’s first fully integrated tinplate manufacturing plant in Ras Al-Khair Industrial City.
The joint venture, controlled by WFI, is scheduled to commence operations in early 2027, with an annual capacity of 400,000 tonnes of tinplate. The project aims to meet domestic Saudi demand, while around 50% of output will be exported to the Middle East and North Africa (MENA), filling a regional supply gap.
On March 20, 2025, Yongjin Co., Ltd.’s board approved the establishment of a joint venture through its wholly owned subsidiary Xinyue Asset Management (Singapore) Pte. Ltd., together with partners Lanhe Holding and Fuxinhui Investment. The new entity, CANDAX (Türkiye) Metallurgical Industry and Trade Corporation (tentative name), will invest in a cold-rolled stainless steel project in Türkiye.
The project involves a total investment of approximately RMB 1.868 billion, including RMB 1.537 billion in construction costs. It will feature a 320,000 tpa 300-series 2B stainless steel line and an 80,000 tpa 300/400-series BA stainless steel line, located in the Yalova Machinery Specialized Organized Industrial Zone.
Delong Steel plans to jointly develop a 3-million-tonne steel plant with Indonesia’s Krakatau Steel. In May 2025, Krakatau Steel representatives visited Delong Steel in China, signing raw material procurement and broader cooperation agreements.
In June 2025, Delong and its Indonesian subsidiary Dexin Steel conducted site inspections at the planned project location in Cilegon, Banten Province. The proposed project will occupy 500 hectares within Krakatau Industrial Estate, with supporting infrastructure including port and steelmaking facilities.
In August 2025, Tsingshan Group announced plans to invest USD 800 million through its subsidiary Dinson Iron and Steel to expand its steel plant in central Zimbabwe. The project will add a new blast furnace and supporting facilities, doubling annual capacity from 600,000 tonnes to 1.2 million tonnes.
