A $450 million steel-producing company, Stellar Steel Company Limited, is set to begin operations in Ogun State by the middle of 2026
The investment from Stellar Steel Company Limited, a subsidiary of the Galaxy Group and RSIN Group, headquartered in Fuzhou, Fujian Province, China, is expected to produce hot-rolled coil steel, iron steel doors and gas cylinders, a move projected to significantly reduce Nigeria’s steel import bill.
Speaking during a courtesy visit to Ogun State Governor, Prince Dapo Abiodun, Vice Chairman of RSIN Group, Mr. You Xiaotan, said the project was progressing according to schedule and would be completed next year.