The move is said to capitalize on the growing demand for steel in Vietnam’s fast-growing northern region.

By the end of 2018, there were 532 coal mines in the region, with an annual production capacity of 1.33 billion tonnes.

On Sept. 23, the Deutsche Boerse announced Wednesday evening in an online note.

The purpose of the proposed fundraising is refinancing its existing high-cost debt.

"he two Indian steel companies will benefit from rising steel production on the back of continued demand growth."

"I think steel touches all parts of the economy..."

Between January and August, Hoa Phat sold 252,883 tonnes of steel to the domestic market.

The Shanghai Futures Exchange can carry out trading in stainless steel futures.