Japan-based JFE Steel Group is seeking approval from the People Committee of the central province of Quang Ngai to spend some US$5 billion to build a steel complex on an area of 1,000 hectares in expanded Dung Quat Economic Zone with the total estimated capacity of from 6-10 million tonnes of raw steel a year.
The mill will operate with advanced manufacturing technology, which is expected to employ 2,000-3,000 locals.
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