JFE Steel to Establish CGL in Indonesia

JFE Steel announced on 17th the firm will establish annual 400000 tons output of Continuous Galvanizing Line (CGL) in Indonesia. It is the first CGL for automobile in Indonesia. The firm decided to invest around 28.2 billion dollars because rapid growing automobile output is estimated to keep from now. It will be launched in March 2016, and JFE Steel will supply high Grade Steel including high tensile strength steel for automobile in Indonesia.