Industry News

Hoa Phat’s steel sales hit over 4 million tonnes in 10 months

Update time : 2020-11-04 18:47:13

Leading steel manufacturer Hoa Phat Group sold nearly 4.14 million tonnes of steel in the first ten months of 2020.

Of the total, more than 2.7 million tonnes of construction steel were supplied to the market, up 28.6 percent year-on-year.

It exported 435,000 tonnes of ready-to-use steel in the period, double the volume in the same period last year.

In October alone, Hoa Phat’s exports of ready-to-use steel increased 4.3-fold compared to October 2019, reaching nearly 62,000 tonnes.

It said its exports of ready-to-use steel and steel billets continued to grow well in Canada, Malaysia, Japan, Cambodia, and Ghana.

In addition to construction steel, the Hoa Phat Dung Quat complex produced over 340,000 tonnes of hot rolled steel coil (HRC) in the first ten months, with 112,000 tonnes produced in October alone.

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