22
Feb
08:57
Vietnam's Formosa Ha Tinh seeks new capital
Formosa Ha Tinh Steel, Vietnam’s integrated steelworks in north-central Ha Tinh province, could be close to getting new capital to support its second phase of operations, Kallanish notes.
A new investor will be injecting $275 million for a 5% stake in Formosa Ha Tinh, according to Taiwan’s ChinaTimes. The new investor will officially become a shareholder during the second quarter, the report says. With the entry of the new investor, he…
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Very good overview of the weekly steel market.
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