Hoa Phat set new record for steel sale

In the first two months of 2017, Hoa Phat steel reached an output of 242,000 tonnes – the highest level so far and 2.18 times higher than the same period last year. The total construction steel consumption in the period was 320,000 tonnes, accounting for 22.5 per cent of the market shares.

Of the total, Hoa Phat exported 15,000 tonnes of construction steel to the US, Cambodia, Laos and nearly 4,800 tonnes of high quality wire rod steel to Australia and Singapore. In addition, Hoa Phat also shipped a considerable amount of steel billet to the Philippines in the two month period.

Hoa Phat steel continuously makes records of output and sale

Dinh Quang Hieu, head of the Marketing Department at Hoa Phat Steel One Member Company Ltd said the increasing sale resulted from a number of factors such as Hoa Phat's initiative to stockpile goods before Tet (Lunar New Year) Holiday to timely provide to customers and the construction market has been flourished in the beginning months of the year. However, according to the company's representative, the main driver of growth was the high purchasing power in the market.

On the other hand, steel plants in Hai Duong and Hung Yen Provinces have had high output since the beginning months of the year. In January, the rolled steel output of the Steel Milling Company at the Hai Duong Steel Complex set new record of 158,800 tonnes, contributing to the group’s output plan.

Earlier, in December 2016, the sale of construction steel reached the record level of 223,000 tonnes, double the same period last year.

Hoa Phat steel has high quality and diversified products ranging from steel coil for construction and industry to wire rod and steel for welding, bolt screw.

                                                                                                     Nghi Tran