Hòa Phát – Vietnam Group acquired the Australian iron ore Roper Valley

The Vietnamese steel company Hòa Phát Group announced on Monday that it has acquired an iron ore project in Roper Valley, Australia, and the Foreign Investment Analysis Board of Australia (FIRB) approved the transaction. After a period of research and preparation, Hòa Phát Group has taken the first step towards a larger iron ore supply market, and continues to conduct research, aiming to invest in the purchase of other iron ore. In Australia, in order to meet at least 50% of iron ore demand in the long term (equivalent to 10 million tons per year). In addition, coking coal is a raw material that accounts for up to 30% of the cost of steel. Currently imported from Australia, Australia is the world’s largest supplier of coking coal. Production materials.