The $16-million steel-processing plant, which recycles metal scraps to produce finished steel products, will start its operation soon to supply domestic market and to contribute to reducing steel imports.
The plant is owned by China’s Hong De Sheng (Cambodia) Steel Co., Ltd., located in Oudong district, Kampong Speu province. The company uses mantle scraps collected from local and imports semi steel products to process for finished products.
Yos Monirath, Director General of Mines at the Ministry of Mines and Energy, on Monday welcomed the plant establishment and said that there are currently steel-processing plants using metal scraps to produce steel, but no plants using iron extracted locally to produce steel.
“So far, there have been licensed firms exploring iron ore in Preah Vihear province, but no plant using extracted iron ore [to produce steel] has been established yet as the amount of iron ore is too small for processing,” he said.
According to its website, Hong De Seng (Cambodia) Steel Co., Ltd. was established in 2019. The plant is scheduled to operate this year. Chea Vannak – AKP
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.