October 11, 2008

Cuu Long Vinashin Steel ink USD 30 million contract with Macsteel

VNA reported that the Cuu Long Vinashin Steel Company has recently inked a USD 30 million contract with Macsteel of Hong Kong to export hot rolled plate steel to the US.

According to Vinashin, the mother company of the Cuu Long Steel, the first shipment of the product is scheduled to be delivered at the end of May 2008, marking the country’s first ever export of plate steel.

The Cuu Long Vinashin Steel Company is the first producer of hot rolled plate steel for the shipbuilding industry in Vietnam, rolling out its first products in December 2007