Stellar Steel to Invest $450 Million in Ogun
Stellar Steel Company Limited, a subsidiary of China’s Galaxy Group and RSIN Group, will establish a $450 million steel plant in Ogun State.
The plant will produce hot-rolled coil steel, iron steel doors, and gas cylinders, and is expected to commence operations by mid-2026, significantly reducing Nigeria’s reliance on imported steel.
“Stellar Company Limited is the biggest investment for our whole group in Nigeria. We are here to give an update to His Excellency that our project is going very smoothly,”
said Vice Chairman of RSIN Group, Mr. You Xiaotan, during a courtesy visit to Ogun State Governor, Prince Dapo Abiodun.
Xiaotan confirmed that the project is advancing smoothly, with all levelling and foundation work already completed.
Author's summary: Stellar Steel invests $450 million in Ogun State.
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