27
Sep
11:06
Hoa Phat, Tai Hung vie for Thai Nguyen
Vietnam’s Hoa Phat Group and Tai Hung Trading are reportedly both eyeing control of the new steelworks planned by state-owned Thai Nguyen Iron and Steel. The contest could pit a much larger but heavily-indebted steelmaker against a smaller firm which has recently boosted its cash position, Kallanish notes.
Thai Nguyen has long been planning a second phase 1 million tonnes/year integrated steelworks and construction longs plant but the project has been bese…
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Anonymous
Very good overview of the weekly steel market.
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