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29 Dec
06:37

Vietnam's Hoa Phat restarts one blast furnace

The Vietnamese long products market is improving, Kallanish notes. Domestic producer Hoa Phat Group will be restarting one of its blast furnaces at Hoa Phat Hai Duong to boost its output of rebar. The restart means the group will raise its rebar capacity by 700,000 tonnes/year. The blast furnace was blown in on 27 December and will take around seven days to start producing billet, market sources say. Two of the steelworks' three blast furnaces&n…
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