Posco signs $400M deal to build steel facility in VietnamPosco E&C said yesterday it has signed a $400 million deal to build a steel processing facility in Vietnam. Under the contract with Formosa Ha Tinh Steel, an affiliate of Vietnam’s Formosa Group, Posco E&C will build a raw material handling facility in a steel complex, located in northern Ha Tinh Province, with an annual production capacity of seven million tons of steel, said the company.
Imported materials of iron ore, coke coal and other materials will be unloaded, hauled and cracked through the facility, according to Posco E&C. Yonhap
More in Industry
Work at home is not as easy as it sounds, ministry says
[NEWS IN FOCUS] Spotify is still almost here, and seems to be getting closer
Korea Inc. calls on Suga to relax border restrictions
House-bound consumers awaken a sleeping industry