The first stage of Nghi Son steel rolling mill was inaugurated at Nghi Son economic zone in the central province of Thanh Hoa on October 23. 

The work is also to celebrate the 19th Congress of the provincial Party Organisation for the 2020-2025 tenure.

During the first stage, the mill has an annual capacity of 1 million tonnes of steel billets, using technology provided by Daniely Group – the world’s leading firm major in metallurgy and steel manufacturing based in Italy.

Speaking at the event, Vice Chairman of the provincial People’s Committee Nguyen Van Thi emphasised that the project, invested by the Nghi Son Iron and Steel JSC, has a total investment of VND4 trillion alone.

From the second quarter this year, the mill will officially go into commercial operation, supplying steel billets and rolled steel meeting Vietnamese and Japanese standards to the market.

The project is expected to generate nearly 2,000 jobs and contribute about VND1 trillion (US$43.7 million) to the provincial budget.