HANOI -- Leading Vietnamese steelmaker Hoa Phat Group has purchased the entire interest in an Australian iron ore mine to secure a stable supply of raw materials in a competitive market.
Materials
Vietnam steelmaker buys Australian iron ore mine to secure supply
Hoa Phat's move comes as world's largest steelmaker China boosts production
Hoa Phat has acquired rights to the Roper Valley iron ore mine in Australia, which has the capacity to produce 4 million tons yearly. (Photo courtesy of Hoa Phat)
Read Next
Latest on Materials
