Under the contract, Danieli will be responsible for supplying equipment to the Quality Strip Production (QSP) line and Compact Endless Cast and Rolling Mill Complex, consisting of two casting machines, two tunnel furnaces and one lamination mill.
The plant is expected to produce 3.5 million tonnes of steel per year and its capacity can be expanded to 4 million tonnes per year for the second phase.
Steel products will include hot rolled steel coil, low carbon steel, high strength low alloy steel and medium carbon, high strength medium alloy steel.
They are used for producing special steel pipes, roofing and other special products. Currently, these products are being completely imported.
Tran Dinh Long, Chairman of the Hoa Phat Group, stressed that the categories of thin slab caster and hot-rolled mill were most important for the Hoa Phat Dung Quat iron and steel production complex.
The complex is designed to have an annual capacity of 4 million tonnes. Work on its first phase kicked off in February 2017 and is scheduled to finish within 21 months. The second phase of the project also began in August 2017 and the whole project is expected for completion in late 2019.