Hoa Phat Group listed in the world’s Top 15 largest steel companies by market capitalization

On October 6, 2021, British financial data firm, Refinitiv Eikon (formerly Thomson Reuters Data) announced the Top 30 largest steel companies by market capitalization in the world. Hoa Phat Group (HPG) ranks 15th in this list with a market capitalization of US$11 billion, larger than that of Japan's leading Steel Corporation, JFE Holdings.

Hoa Phat Group listed in the world’s Top 15 largest steel companies by market capitalization (Source: Refinitiv Eikon on October 6^th 2021)

The leading steel producer in Japan, JFE Holdings has a market capitalization of $8.9 billion, taking 19^th position in the ranking. A major Australian steel company, BlueScope Steel, is also listed in the 23^rd position in the ranking with a market capitalization of $7.3 billion.

With a crude steel capacity of 8 million tonnes a year, Hoa Phat Group is the largest steel producer in Vietnam as well as in Southeast Asia. The group is equivalent to the world's Top 50 steel producer.

Hoa Phat Group (HPG) has a charter capital of VND44.7 trillion, the fourth largest among enterprises listed on the Vietnam Stock Exchange. In the trading session on October 6, HPG shares officially set a new peak when closing at VND56,100 per share. With a total of 4.4 billion shares outstanding, HPG's market capitalization reached VND250 trillion ($11 billion).

In the first 9 months of the year, Hoa Phat Group achieved crude steel output of 6.1 million tonnes, up 50 per cent over the same period last year. Steel sales volume reached 6.3 million tonnes, posting 43 per cent year-on-year increase. In which, construction steel was 2.8 million tonnes, up 12 per cent over the same period last year. Hot rolled coil (HRC) output reached nearly 2 million tonnes. Hoa Phat Steel Sheet Company Ltd recorded 273,000 tonnes, 2.6 times higher than the same period last year.

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