Tel :
Tel :
China's Stellar Steel Co., Ltd. recently invested US$450 million to build a steel plant in Ogun State, Nigeria.
The project, implemented jointly by Galaxy Group and a subsidiary of RSIN Group, both based in Fuzhou, China, is expected to begin production in mid-2026. B18R075 oriented electrical steel, This announcement was made by Ogun State Governor Prince Dapo Abiodun.
The new factory will primarily produce hot-rolled steel coils, steel door panels, and gas cylinders. The project is expected to significantly reduce Nigeria's reliance on imported steel and manufactured goods, increasing self-sufficiency in local manufacturing. B18R075 oriented electrical steel, During a meeting with the governor, Yu Xiaotang, Vice Chairman of RSIN Group, stated, "We have completed all site leveling and foundation work, and construction is progressing according to schedule. This is our largest project in Nigeria, and we plan to begin production next year."
A representative from Galaxy Group stated that the company views Ogun State as a strategic industrial hub and encourages more Fujian-based companies to invest in the region, leveraging the local rapid economic growth to achieve mutual benefit.
Governor Prince Dapo Abiodun added that Ogun State recently signed a cooperation agreement with Shandong Province of China, laying a solid foundation for future joint projects between the two sides. B18R075 oriented electrical steel, He pledged that the government would continue to provide supporting measures such as streamlining approval processes, accelerating the issuance of property certificates, and providing possible tax incentives.
The European Union, the United States, and some Asian countries have recently imposed tariffs, quotas, and import control mechanisms on Chinese steel, making "building factories overseas" an important strategic option for Chinese steel companies.
