China Steel Sumikin Vietnam Joint Stock Company (CSVC), joint-ventured by Nippon Steel, Sumitomo Metal Corporation, and China Steel Corporation, will start its commercial operation next month. This new sheet mill was an investment of about US$1,150 million and mainly to manufacture and sale of cold-rolled steel sheet, hot-dip galvanized steel sheet, electrical steel sheet and other flat-rolled products. Vietnam is a very promising market with a very high potential for further economic growth and that's the reason why those three global leading steelmakers join-ventured to build up CSVC in order to respond the strong sheet demand in the ASEAN region.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66678&division=A9
