Hoa Phat's crude steel output reaches 2.66 million tons in Q1, up 25%

In Q1 2025, Hoa Phat Group produced 2.66 million tons of crude steel, marking a 25% increase compared to the same period last year. Sales volume of hot-rolled coil (HRC), high-quality steel, construction steel, and steel billets reached 2.38 million tons, up 29% year-on-year.

The significant growth in production and sales in Q1 2025 was driven by various factors. After the Lunar New Year, favorable weather conditions supported construction activities. The government also boosted public investment, infrastructure projects such as expressways, airports…

Hot-rolled coil (HRC) alone reached 993,000 tons, up 23% compared to Q1 2024. Domestic sales of HRC in Q1 totaled 874,000 tons, a 84% year-on-year increase.

Sales volume of HRC increased 23% compared to Q1 2024

Construction steel and high-quality steel products totaled 1.19 million tons, up 25%. Additionally, Hoa Phat supplied 198,000 tons of steel billets to both domestic and export markets, more than doubling the figure from the same period last year.

Looking ahead, the Group aims to significantly increase the volume of high-quality steel products, such as tire cord and bead wire, cold-formed steel, prestressed steel, non-alloy spring steel, steel for crane cables, steel for precision screw; round bars, and rolled steel bars used in processing and manufacturing industries.

In terms of downstream products, Hoa Phat delivered 89,000 tons of galvanized steel to domestic and international markets, a 9% decrease from Q1 2024. Steel pipes recorded a growth with 185,000 tons, up 42% year-on-year. Prestressed steel reached 38,500 tons, up 7%.

Regarding the Hoa Phat Dung Quat 2 Steel Integrated Complex, phase 1 has been put into trial operation. Phase 2 is progressing on schedule and is expected to be fully completed by Q4 of this year.

Phase 1 of Hoa Phat Dung Quat 2 Steel Integrated Complex has been put into operation

By the end of 2025, Hoa Phat Group’s steel production capacity will reach 15 million tons per year, making it the largest in Southeast Asia and ranking among the top 30 steel producers worldwide. Hoa Phat remains the only Vietnamese enterprise capable of producing HRC, with a diverse product range that includes many high-quality steel types serving the mechanical engineering, structural industry, construction, railway, and defense industries.

HPG News