11
Apr
11:23
Thai Nguyen raises loans for stalled steelworks
Vietnam’s Thai Nguyen Iron and Steel has raised at least VND 3.4 trillion ($150 million) in new loans to continue investing into its 500,000 tonne/year integrated steelworks project. The company has yet to sign a new EPC contract with previous contractor China Metallurgical Group Corporation (MCC), Kallanish notes.
The project was begun in 2007 but stalled after a cost blow out from VND 3.8 trillion to VND 8 trillion. MCC walked away from the pro…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous