Hoa Phat sells 1.16 tonnes of steel in five months

Hoa Phat Group has said it sold 226,000 tonnes of construction steel in May with a 3.5-fold increase in southern market, raising the five-month figure to 1.16 million tonnes, up 22.4 per cent year-on-year. Especially, the construction steel sale in the southern market reached 149,270 tonnes, increasing 2.65 times from the same period last year.

Steel export also rose by 21.4 per cent to about 106.400 tonnes, mostly to Japan, the US, Canada, ASEAN member states such as Cambodia, Malaysia and Laos. 

In late May, the group shipped the first batch of 6,000 tonnes of quality rolled steel from Hoa Phat Dung Quat Iron and Steel Complex in southern Quang Ngai Province to Japan. Another 18,000 tonnes are waiting for delivery abroad in June. 

Also during the month, it exported the first two containers of steel wires to Malaysia.

With the high growth of both local consumption and exports, Hoa Phat continued to maintain its leading position in the country’s steel sector with market share of 25 per cent.

Nghi Tran