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

Vietnam’s Vina Roma plans to build new steel plant

Thursday, 02 June 2022 12:40:58 (GMT+3)   |   Istanbul
       

Vietnam-based steelmaker Vina Roma Quang Tri Steel plans to build a new steel plant in Quang Tri Economic Zone, according to media reports. The investment for the plant will total more than VND 47 trillion ($2.01 billion).

The construction of the plant, which will have an annual production capacity of 4.5 million mt of plate, construction steel and sections, is scheduled to take five years.

In the first phase of the project, the annual capacity will be 1.1 million mt, and the second phase will double the annual capacity. In the third phase, the plant’s annual capacity will increase by 2.3 million mt.

The project is expected to create 4,000 jobs.


Similar articles

Flat steel prices in local Taiwanese market - week 47, 2024

21 Nov | Flats and Slab

Japanese crude steel output up 4.6 percent in October from September

21 Nov | Steel News

Ex-China steel plate prices indicate declines

18 Nov | Flats and Slab

Mexico's steel plate consumption down 8.7 percent in September

18 Nov | Steel News

China’s steel sheet/plate exports up 28.3% in Jan-Oct, up in Oct from Sept

18 Nov | Steel News

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

14 Nov | Flats and Slab

Japan’s HRP and HRS shipments up 25.9 percent in September from August 

14 Nov | Steel News

US steel exports down 11.3 percent in September from August

12 Nov | Steel News

Exports of heavy plates from Brazil decline in October

11 Nov | Steel News

Ex-China steel plate prices rise slightly but deals still signed at discounts

11 Nov | Flats and Slab