08
Apr
12:15
Formosa starts Vietnam wire rod plant, HRC follows
The new Formosa Ha Tinh steelworks in Vietnam has begun production at its 600,000 tonnes/year wire rod line, according to project contractor China Metallurgical Group Corporation (MCC). The plant is also expected to begin its 5.3 million t/y hot strip mill, Kallanish notes.
Formosa Ha Tinh, which is controlled by Taiwan’s Formosa Plastics Group, has already prepared a 1m t/y billet caster to feed the rolling mill. Taiwan’s China Steel Corporation and…
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Very good overview of the weekly steel market.
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