Vietnam’s Biggest Steelmaker Said to Shut a Furnace for 3 Months

Hoa Phat Group, Vietnam’s biggest listed steelmaker, will halt production at a blast furnace for three months for periodic maintenance, according to a person familiar with the matter.

The furnace, located in the northern province of Hai Duong, will cease operations starting in September, said the person, who asked not to be named as the information is still private. The furnace has a production capacity of around 1 million tons per year, according to the person.