Obsidian Stainless Steel to Complete NPI Smelter Expansion in Sulawesi Next Year

- 17 November 2021 13:18 WIB
Illustration: Iron furnace.
Illustration: Iron furnace.

JAKARTADAILY.ID - Stainless steel maker and nickel pig iron (NPI) smelter operator PT Obsidian Stainless Steel (OSS) of China will complete the expansion of its smelter and stainless steel plants in Konawe Regency, Southeast Sulawesi Province next year.

“OSS will increase production capacity next year. This year 20 of the total 32 NPI production lines we have planned, have been in operation. The rest will be completed next year. Of the total six units of argon oxygen decarburization (AOD) furnaces we planned for production of stainless steel, five units have been completed. The rest will be completed next year,” OSS President Director Tony Zhou to the local press on Monday.

OSS is a joint venture company owned by China’s Xiamen Xiangyu Group and Jiangsu Delong Nickel Industry Co Ltd. The stainless steel plant is located in the Virtue Dragon Nickel Industrial Park in Konawe Regency, Southeast Sulawesi. Jiangsu Delong Nickel Industry also has also operated a nickel smelter at the industrial park through a local subsidiary, PT Virtue Dragon Nickel Industry (VDNI). 

According to Tony, as of September 2021, OSS recorded NPI and stainless steel export of 880,643 metric tons at a total value of US$1.73 billion. VDNI reported an NPI export volume of 618,117 metric tons at a total value of $1.21 billion. (*)

Editor: Suksmajati Kumara


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