08
Jan
12:16
Vietnam approves iron ore export tender
Vietnam’s Ministry of Industry and Trade has agreed to allow a one-off export of up to 200,000 tonnes of locally-mined limonite ore. The company involved, Viet Phat, argued that an export sale was necessary to ensure its financial stability, Kallanish notes.
Viet Phat signed an offtake for 500,000 tonnes of iron ore from the Quy Xa mine in northern Lao Cai province. 300,000t was sold on to Hoa Phat Group, according to local media, but the remaini…
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Very good overview of the weekly steel market.
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