China’s Guotai Steel expands steelmaking facilities in Zambia

China-based steelmaker Guotai Iron and Steel Co. (Guotai Steel) is investing RMB 26 million ($4.13 million) in expanding its steelmaking facilities in Zambia, including the establishment of a plant for the production of steel angles, according to China's Ministry of Commerce.
 
It is expected that the new steel angle plant will be commissioned in July of the current year, with its products generally aimed at meeting demand in the Zambian market.
 
Guotai Steel is the only steelmaker in Zambia which exports finished steel products to neighboring countries, including Zimbabwe, Burundi and Malawi.