Xinxing Ductile Iron Pipe to expand iron ore pellet capacity in India

Chinese steel pipe producer Xinxing Ductile Iron Pipe Co. a subsidiary of Xinxing Cathay International Group, has announced a plan to invest RMB 9 billion ($1.42 billion) to expand the iron ore pellet production capacity of its joint venture in the state of Karnataka, India.
 
Xindia Steel Co., jointly established by Xinxing Ductile Iron Pipe and Chinese metals and mineral trading company China Minmetals Corporation, was commissioned in August this year with an annual production capacity of 800,000 mt of iron ore pellets. In line with their latest investment plan, in the coming two to three years, Xinxing Ductile Iron Pipe and China Minmetals aim to expand the annual iron ore pellet production capacity of their Indian joint venture to 3 million mt.