Hoa Phat’s construction steel sales reached record level in March, surpassing 500,000 tons

08/04/2022 08:00

In March, Hoa Phat Group achieved crude steel production output of 762,000 tons, posting 9 per cent year-on-year increase. Sales volume of construction steel, hot rolled coil and steel billet was 832,000 tons. In which, construction steel sales for the first time in history recorded 511,000 tons, 7 per cent higher than the peak of 2021.

thep-cuon

Hoa Phat Group has provided the market with 296,000 tons of hot rolled coil (HRC). This is the highest output level since Hoa Phat Group started supplying HRC to the market from November 2020. The above-mentioned HRC sales volume increased 24 per cent compared to the previous month and representing 25 per cent year-on-year increase.

picture1

In addition to the above products, Hoa Phat Group also supplied 78,000 tons of steel pipes and 36,000 tons of galvanized steel of all kinds to the market in March.

In the first quarter of 2022, Hoa Phat Group produced 2.16 million tons of crude steel, up 8 per cent over the same period last year. Sales volume of finished construction steel, steel billet and hot rolled coil reached 2.17 million tons, increasing 12 per cent compared to the corresponding period last year.

Of which, finished construction steel was 1.34 million tons in the three-month period, increasing 57 per cent from the same period last year. Hoa Phat Group's hot-rolled coil in the first 3 months of the year reached 763,000 tons, posting 15 per cent year-on-year increase. HRC’s downstream products such as steel pipes and galvanized steel were 207,000 tons and 105,000 tons, respectively, representing 13 per cent and 43 per cent increases over the same period in 2021.

Hoa Phat Group has a crude steel capacity of 8.5 million tons a year, equivalent to about 700,000 tons a month. The above results show that all production plants of the group are operating at full capacity to serve market demand and optimize the efficiency of the steel production chain.

Hoa Phat is currently operating in 25 cities and provinces in Vietnam and some other countries such as Singapore and Australia, creating jobs and stable income for 28,000 employees. In which, the labor force in the field of iron and steel and related steel products accounts for 88 per cent, mainly local people. In 2022, Hoa Phat Group is developing the Hoa Phat Dung Quat 2 Iron and Steel Production Complex project in the central province of Quang Ngai, which is expected to employ about 8,000 workers, making an important contribution to local economic development and social security.

                                                                                              HPG News

 

Comment

Send email
Chat with us
Back to top