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Tsingshan to Invest US$800 Million in its Zimbabwe Steel Plant
08/19/2025 - Chinese nickel producer Tsingshan Holding Group, through its unit Dinson Iron and Steel Co., will invest US$800 million in its steel plant in central Zimbabwe, Reuters reported.
Wilfred Motsi, the project director, said the money would go toward a blast furnace and supporting infrastructure to increase capacity from 600,000 metric tons of carbon steel annually to 1.2 million metric tons annually.
However, he said the company intends to first assess whether market demand for carbon steel can support the increase in output.
“We are ready for the next stage, but we will look closely at market conditions before committing. We need to be sure the market can take that much product,” said Motsi.
The company already invested in a 50 MW thermal power plant to reduce reliance on Zimbabwe’s strained electricity grid. The plant will also generate power from furnace gas to cover about 20% of its needs, according to management.
Jenfan Muswere, Zimbabwe’s Information Minister, said the plant would attribute to reducing the country’s steel import bill.
However, he said the company intends to first assess whether market demand for carbon steel can support the increase in output.
“We are ready for the next stage, but we will look closely at market conditions before committing. We need to be sure the market can take that much product,” said Motsi.
The company already invested in a 50 MW thermal power plant to reduce reliance on Zimbabwe’s strained electricity grid. The plant will also generate power from furnace gas to cover about 20% of its needs, according to management.
Jenfan Muswere, Zimbabwe’s Information Minister, said the plant would attribute to reducing the country’s steel import bill.
