24
Jun
11:23
Formosa reconsidering blast furnace
Vietnam’s Formosa Ha Tinh steelworks is reportedly reconsidering its investment in a third blast furnace. The company has already decided to reduce output in August due to pressure on its margins, Kallanish notes.
Formosa Ha Tinh commissioned its 7.1 million tonnes/year of blast furnace capacity over 2017-2018. It has said it is considering investing in a third furnace, bringing steelmaking capacity to around 10.5m t/y. High iron ore prices, weak Vietnames…
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Anonymous
Very good overview of the weekly steel market.
Anonymous