Vietnam's state-run company, Vietnam
Steel Corporation, is seeking to form a joint venture with Essar Steel to set up
a 2 million tpa hot rolled steel mill in that country.
The $300 million will come up in the
Ba Ria-Vung Tau province and would take two years to construct. The proposed
steel plant would be the first hot rolled steel plant for Vietnam, which
currently relies on imports for its steel billets requirement.
The details of the joint venture are
pending finalization.
iiaproj