Japanese Companies to Form US$300 Million Iron Venture in Vietnam

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Mar. 16 – Japanese firms, Kobe Steel and Sojitz are planning to build a US$300 million venture that will produce iron nuggets.

The study of the iron mines will require an initial investment of US$1 million, the report said.According to Thanh Nien News, there is a possibility that Japan’s Daido Steel Co. may also join the project as a distributor. Kobe Steel is the fourth largest maker of the metal in Japan.