14
Jul
10:08
Hoa Phat investors cut holdings but capacity growing
Vietnam’s Hoa Phat Group has seen major investors cut their shareholdings in recent months, local reports suggest. The company is still moving ahead with plans to commission greater longs and coated sheet capacity, Kallanish notes.
Hoa Phat recently began construction of a 400,000 tonnes/year colour coating line which it expects to commission in 2018. It also recently commissioned a 750,000 t/y EAF and bar and rod mill. Investors are reportedly cautious ab…
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Very good overview of the weekly steel market.
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