Five players including Tata Steel and
Essar Steel have expressed interest in setting up a 4.5 million tpa steel plant
in Vietnam.
The steel plant will entail an
investment of around Rs.1,500 crore. The project includes access to an iron ore
mine - the Thach Khe iron ore mine - that will provide the raw material for the
proposed steel facility.
Other entities that have shown
interest in the project includes Korea's Posco, China's Bao Steel and Wuhan and
Taiwan's Sunsteel.
Also See:
Essar Steel in JV
for steel plant in Vietnam (13-Feb-07)