Hoa Phat records 7.4 million tonnes of steel sales after nine months

In the third quarter of 2025, Hoa Phat Group produced 2.8 million tonnes of crude steel, up 14% compared to the second quarter and 35% over the same period in 2024. Sales volume of hot-rolled coil (HRC), construction steel, high-quality steel, and steel billet reached 2.5 million tonnes, down 4% from the previous quarter but up 21% year-on-year.

Hot-rolled coil (HRC) sales exceeded 1.2 million tonnes in Q3 2025, up 8% from Q2 and 71% year-on-year

In the third quarter, sales of construction steel and high-quality wire rod totaled over 1 million tonnes, a 17% decrease compared to Q2. According to Mr. Dinh Quang Hieu, Head of Sales at Hoa Phat Hung Yen Steel Co., Ltd., Q3 sales declined because it was the low season for construction activities, as the Lunar July period fell within this quarter. Continuous storms and flooding also affected the progress of projects and civil construction.

Hot-rolled coil (HRC) recorded a sales volume of over 1.2 million tonnes, up 8% from Q2 and 71% compared to the same period in Q3 2024. In September 2025 alone, HRC sales reached 477,000 tonnes, an 11% increase compared to August. Downstream HRC products, such as galvanized steel sheets and steel pipes, reached 120,000 tonnes and 225,000 tonnes respectively in Q3, slightly increasing compared to Q2.

In the first nine months of 2025, Hoa Phat Group produced 7.9 million tonnes of crude steel, up 23% compared to the same period in 2024. Sales of HRC, construction steel, high-quality steel, and steel billet reached 7.4 million tonnes, a 22% increase year-on-year. Construction and high-quality steel reached 3.5 million tonnes, up 6% compared to the same period last year. Hoa Phat maintains the No. 1 position in Vietnam’s construction steel market with a 37% market share.

For HRC products, Hoa Phat supplied 3.43 million tonnes to the market, up 51% compared to the first nine months of 2024. According to the Vietnam Steel Association’s September 2025 report, Hoa Phat’s HRC accounted for over 56% of the country’s total production and sales of this product.

After nine months, galvanized steel recorded 320,000 tonnes, down 7% year-on-year. Steel pipe products reached 627,000 tonnes, up 25% over the same period last year. Pre-stressed steel and various types of drawn wire also grew 25% in sales, reaching 116,000 tonnes, with exports accounting for 42%.

Construction and high-quality steel reached 3.5 million tonnes in the first nine months, up 6% year-on-year

From the beginning of Q2 to September 2025, Blast Furnaces No. 1 and No. 2 of the Hoa Phat Dung Quat 2 Integrated Iron and Steel Complex were put into operation, marking the completion of the project. The output of the entire Hoa Phat Dung Quat Complex is expected to increase rapidly in the near future, particularly in HRC steel.

Hoa Phat Group is the largest steel producer in Southeast Asia and ranks among the Top 30 largest steel enterprises worldwide. From 2026, Hoa Phat’s steel production capacity will reach 16 million tonnes per year, including 9 million tonnes of HRC and high-quality steel, contributing to fully meeting the demand of both domestic and international markets.

HPG News