18
Oct
13:39
Hoa Sen steelworks meets shareholder opposition
Vietnam’s Hoa Sen has met opposition to its Ca Na steelworks project at a shareholder conference. VinaCapital says it will not support the project unless there are effective environmental procedures, Kallanish notes.
Hoa Sen hopes to commission 1.5 million tonnes/year of steelmaking at Ca Na in 2019 and the site could eventually house 16m t/y of capacity. Investors are wary however after Taiwan’s Formosa Plastics Group was forced to pay out a $500m f…
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Anonymous
Very good overview of the weekly steel market.
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