Tsingshan Announces $800M FDI to Expand Steel Production in Zimbabwe

On 22 August 2025 during a media event, Tsingshan Project Director Wilfred Motsi announced that Tshingshan announced that Dinson Iron & Steel Company (DISCO), a subsidiary of Tsinghan, plans to invest USD 800 million to augment production capacity. The funds will be allocated mostly to upgrade the blast furnace that the annual production capacity of 0.6 million tonnes is doubled to 1.2 million tonnes of steel.

Due to unavailability and unreliability of the grid, Tsingshan had also had to build its own 50-MW thermal power plant to supply its operations. Heat generated from the furnace will be recovered to generated electricity.

Currently, the import bill of Zimbabwe for iron and steel amounted to nearly USD one billion annually. Therefore, in addition to creating jobs locally, the project will allow Zimbabwe to save on precious foreign currency.

In addition to iron, Tsingshan is well implanted in the mining sector in Zimbabwe. The Chinese firm is also involved in lithium, ferrochrome and coal. Coking coal can be used in the blast furnace and chrome can be used to make special steel.