According to a Reuters report on August 15, 2025, China's Tsingshan Holding Group, one of the world's largest nickel producers, plans to invest an additional $800 million (approximately 5.7 billion yuan) in its steel project in Zimbabwe to significantly increase production capacity.

Once completed, the Zimbabwean steel plant's annual production capacity is expected to increase by 600,000 tons, bringing its total capacity to 1.2 million tons of carbon steel. The project, operated by Dingsen Steel, a subsidiary of Tsingshan Holding, is located in the Mvuma region of central Zimbabwe. Wilfred Moshi, the company's director, announced the expansion plan during a recent media tour.

Moshi stated that the funds will primarily be used to build a modern, large-scale blast furnace and associated supporting facilities. He also emphasized that while preparations for the second phase of the expansion are complete, the company will adopt a cautious approach and proceed steadily based on actual market demand. "We are now well-positioned to advance to the next phase, but before final implementation, we must closely monitor market conditions to ensure the effective absorption of the new capacity," said Moshi.

Tsingshan Holdings has been operating in Zimbabwe for many years. In addition to steel projects, it also engages in ferrochrome, coking coal, and lithium mining. This expansion further demonstrates the group's continued investment in resource development and industrialization in Zimbabwe.