Posted on 09 May 2016
VNSTEEL – SOUTHERN STEEL COMPANY LTD., VIETNAM, ORDERS NEW CASTING STRAND TO DANIELI
The additional casting strand will complete the plant that was started up in 2005, when a Minimill with a capacity of 530,000 t/y of billets and 400,000 t/y of rolled products was supplied by Danieli on a turnkey basis to the state-owned Vietnamese steelmaking company.
The new supply includes all the key equipment necessary to produce square billets 120x120mm and 150x150mm in open-stream casting mode.
The contract was signed in March 2016 and the new casting strand is scheduled to become operational in February 2017.
Southern Steel Company is one of the major players in the Vietnamese steelmaking business, and is part of the Viet Nam Steel Corporation - a group that employs over 17,000 persons - with an internal billet production capacity of 1.5 mil. tons/year, and with a rolled steel-making capacity of over 2.5 mil. tons/year.
