21
Dec
14:29
Formosa Ha Tinh to get major capital injection
Vietnam’s Formosa Ha Tinh steelworks is expected to raise $500 million in capital from its investors to replenish working capital as it doubles capacity next year. The plant aims to commission its second blast furnace in early 2018, raising nominal steelmaking capacity to 7 million tonnes/year, Kallanish notes.
Taiwan’s Formosa Plastics Group told the Taiwan Stock Exchange earlier in the week through five of its subsidiaries that it plans to invest a…
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Anonymous
Very good overview of the weekly steel market.
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