Harjanto, an official from the Ministry of Industry, on Tuesday (Dec. 12) confirmed that Gunung Steel Group (GSG), the largest private steel producer in Indonesia, had signed a memorandum of understanding (MoU) with China-based Shenwu Technology Corp for building a carbon steel plant in Batulicin, South Kalimantan. The said plant will have a capacity of 3 million tons per year with the investment cost expected for US$3 billion.To subscribe please click here