The Millcon steel factory in Rayong. The steel is used in construction and other industries, including car manufacturing.
SET-listed Millcon Steel, a Thai steel manufacturer, expects to conclude a new deal with partners in the fourth quarter to jointly develop recycling businesses to add value to scrap.
Millcon is in talks with 4-5 foreign companies, mostly from Japan, for the joint venture, said Pravit Horungruang, chief executive of Millcon.
“The recycling business is growing, driven by the global trend of reducing carbon dioxide released from manufacturing,” he said.
Millcon’s move comes amid growing concern over more expensive steel prices because of the Russia-Ukraine war, which is blamed for increasing energy and raw…
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