The Argentine steel industry is facing significant development opportunities. Sidersa Steel Company plans to invest 1.44 billion yuan to build a modern steel production base in Buenos Aires Province. This project is expected to become the largest new construction project in Argentina's steel industry in 40 years and will significantly enhance the country's self-sufficiency in steel and iron.

The RIGI Evaluation Committee, a large-scale investment incentive program in Argentina, is about to approve the construction of a modern steel and iron plant in San Nicolas, Buenos Aires Province, Argentina. The project is undertaken by Sidersa Steel, a well-known steel company in Argentina, with a total investment of over 1.44 billion RMB. It is expected to produce 360000 metric tons of long steel products annually, mainly rebar.

It is reported that the project was officially submitted to the RIGI Evaluation Committee for review in June 2024 and is planned to be put into operation in 2028. It is worth noting that this is not only the first industrial project approved by RIGI, but also the first large-scale investment in the Argentine steel industry in over 40 years.

The large-scale investment incentive system in Argentina specifically targets major projects with investment amounts exceeding RMB 1.44 billion, providing multiple preferential policies including income tax and dividend tax reductions. As a leading steel product processing and sales enterprise in Argentina, Sidersa Steel Company's investment will significantly enhance Argentina's domestic steel production capacity. (This article is from the official website www.seetao.com of Jian Dao. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website infrastructure engineering column editor/Yang Beihua