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Chinese Firm To Invest $120 million In Nigeria’s Steel Sector

Nigeria’s steel sector is set to receive a boost as Hongxing Steel Nigeria Limited, a Chinese firm, expands its operations to Aba, Abia State, with a $120 million investment in an iron/rod factory. The plant which is the biggest in West Africa will be producing about one million tons of iron/rod annually and will be exporting […]

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Chinese Firm To Invest $120 million In Nigeria’s Steel Sector
  • Nigeria’s steel sector is set to receive a boost as Hongxing Steel Nigeria Limited, a Chinese firm, expands its operations to Aba, Abia State, with a $120 million investment in an iron/rod factory.
  • The plant which is the biggest in West Africa will be producing about one million tons of iron/rod annually and will be exporting to neigbouring countries.
  • More updates coming soon…

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