You are here: Home > Steel News > Latest Steel News > Vietnam’s...

Vietnam’s Thua Thien Hue province awaits investors for green steel project

Monday, 02 September 2024 11:46:47 (GMT+3)   |   Istanbul
       

The government of the Vietnamese province Thua Thien Hue has announced it has begun inviting investors for the construction of the Chan May green steel project, following the approval of the People’s Committee of Thua Thien Hue province. The total investment capital for the project is about VND 32 trillion ($1.29 billion), with the capital contribution at least 15 percent of the total investment capital. The deadline for the investors to submit their applications has been set for September 26.

Within the scope of the project, which will be implemented on a land of about 236.5 hectares in the duty-free Chan May - Lang Co Economic Zone, a hot rolled coil (HRC) and high-quality engineering steel plant with a production capacity of approximately 3 million mt per year is planned to be constructed. Based on modern technologies, the project will utilize electricity and clean fuels such as natural gas, as well as scrap steel, pig iron and sponge iron as raw materials for the production.

The construction of the project is expected to begin in the first quarter of 2025, with the project completion and operation scheduled for the first quarter of 2028. Also, the construction is planned to be completed within 33 months following the date of commencement.

The maximum lifespan of the project will be 70 years.


Similar articles

Brazilian HRC export price declines slightly in two weeks

14 Nov | Flats and Slab

Flat steel prices in local Taiwanese market - week 46, 2024

14 Nov | Flats and Slab

HRC prices from EU mills remain stable, import offers rise slightly despite slow demand

14 Nov | Flats and Slab

Turkish flat steel spot prices soften further as mills reduce HRC prices

14 Nov | Flats and Slab

Major steel and raw material futures prices in China – November 14, 2024 

14 Nov | Longs and Billet

US issues preliminary results of AD/CVD reviews on HRC from S. Korea

14 Nov | Steel News

US to continue AD and CVD orders on HRC from six countries

14 Nov | Steel News

US HRC exports down 27.1 percent in September from August

14 Nov | Steel News

US steel markets react to Trump victory, focus on higher tariffs and tax cuts likely to affect steel prices, further ...

13 Nov | Steel News

Emirati buyers delay HRC purchases as ex-China offers soften

13 Nov | Flats and Slab