Hoa Phat partners with Italian group to produce stainless steel
Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production.
The project, which will be completed by 2020, aims to increase the value chain of steel products, and reduce imports and dependence on foreign markets.
Preliminary statistics showed that Vietnam imported about 560,000 tonnes of stainless steel products in 2017, up 10% against the previous year, in service of industrial production, mechanics, and consumer products.