Hoa Phat’s steel sale reached 695,000 tonnes in May

07/06/2021 13:00

In May 2021, Hoa Phat Group achieved a steel sale of 695,000 tonnes. Of which, the sale of finished construction steel including exports was 324,000 tonnes, posting 25 per cent year-on-year increase. The group sold 225,000 tonnes of hot rolled coil (HRC) last month.

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The sale of finished construction steel including exports was 324,000 tonnes, posting 25 per cent year-on-year increase

Last month, sale volume of construction steel in the Central region achieved the highest growth rate with 45 per cent while the Northern region was increased by 22 per cent. In the export market, Hoa Phat construction steel continued to achieve high output with 70,000 tonnes. Hoa Phat has limited the export of square billets to increase the product supply to the domestic market. The export volume of billet in May was 52,000 tonnes.

Hoa Phat Group sold 30,000 tonnes of galvanized steel in May, increasing 2.8 times higher than the same period last year. Of which, the exports of galvanized steel reached nearly 20,000 tonnes, accounting for 65 per cent of the total sale volume. This has been a record level of Hoa Phat Steel Sheet Company Limited to its key export markets such as the EU, the US and South America. Also in May, the sale of steel pipe reached 63,000 tonnes, reducing 10 per cent from the corresponding period last year due to affects from the COVID-19 pandemic.

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Hoa Phat Steel sheet reached a record of export volume in May

In the first five months of the year, Hoa Phat Group produced nearly 3.4 million tonnes of crude steel, representing 56.5 per cent year-on-year increase. The steel sales were 3.7 million tonnes including steel billet, construction steel, hot rolled coil, steel sheet and steel pipe, increasing 70 per cent from the same period last year. Of which, the construction steel sale was 1.6 million tonnes, up 27.5 per cent. The sale volume of square steel billet both domestic and foreign markets was the same to may last year to reach 576,000 tonnes.

Hoa Phat Group provided 1.1 million tonnes of hot rolled coil steel (HRC) to the local market in the January-May period. The product has been given positive responses from the market thank to its stable quality and quantity. HRC's downstream products such as steel pipes and galvanized sheet recorded high growth, reaching 334,000 tonnes and 123,000 tonnes respectively, up 21 per cent and 270 per cent over the same period.

Hoa Phat Group has been the largest steel producer in Vietnam with a scale of 8 million tonnes a year. The group targets an output of five million tonnes of finished construction steel and steel billet; 2.7 million tonnes of HRC; 920,000 tonnes of steel pipes and over 300,000 tonnes of galvanized steel in 2021.

 

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