March 27, 2012 / 7:31 AM / 6 years ago

JFE Steel says to consider building steel sheet plant in Vietnam

TOKYO, March 27 (Reuters) - JFE Steel said on Tuesday that it will conduct a feasibility study on building a steel sheet plant in Vietnam, with its decision depending partly on whether it gets a major share in a blast furnace project led by Taiwan steel makers Yieh Phui Enterprise Co and Yieh United Steel Corp.

JFE Steel, a unit of JFE Holdings, said it was considering building a plant with steel sheet production capacity of 3.5 million tonnes that could go onstream in 2016. (Reporting by Mayumi Negishi; Editing by Edmund Klamann)

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