Kazakhstan and China to build steel mill in southern Kazakhstan

Kazakhstan and China are planning to construct a steel plant in southern Kazakhstan with a total investment of $1.2 billion and annual capacity of up to three million mt, according to media reports. The project is expected to be implemented with the participation of Chinese investor Fujian Hengwang Investment Co., Ltd. The plan reflects deepening economic ties between the two countries and highlights Kazakhstan’s efforts to attract foreign investment into its industrial sector. The planned facility will be built in southern Kazakhstan, although the exact site details have not been fully disclosed in the available reports. The region has been…