Industry Update
POSCO & Tsingshan to build a steel plant in Indonesia
According to the agreement, POSCO will acquire a 44.12 % stake in PT Xinheng Metal Indonesia, which is controlled by PT Makmur International Investment PTE. Makmur will retain the remaining 55.88 %. The two parties will jointly manage the joint venture and drive the plant’ s construction. Construction of the new plant could begin as early as next year, with POSCO’ s investment expected to exceed 1 trillion won( approximately USD 708M).
South Korean steel giant POSCO will jointly build a stainless steel plant in Indonesia with China’ s Tsingshan Holding Group. This move marks POSCO’ s shift in focus from stainless steel production in China to the rapidly growing Southeast Asian market. The new plant will be located in the Morowali Industrial Park on Sulawesi Island and will have a designed annual production capacity of 2 million tons, nearly equivalent to South Korea’ s total stainless steel production.
Alleima receives EcoVadis gold medal
Alleima has been awarded with the gold medal by EcoVadis, a major provider of corporate sustainability ratings. This recognition of sustainable business practices places Alleima in the top 5 % among the more than 130,000 companies assessed worldwide. Alleima has a relatively low climate footprint from operations due to the use of recycled steel(~ 83 %) and fossil-free electricity in production facilities and is committed to minimising its social and environmental impact through reducing its water usage, careful chemical management, and effective use of by-products such as slag, dust, and process gases.
76 Stainless Steel World November 2025 www. stainless-steel-world. net