Hoa Phat steel output in the South grew nearly 3 times in May

03/06/2020 09:00

In May 2020, Hoa Phat Group sold 258,500 tons of various kinds of construction steel, up 14.3% over the same period last year. The Southern market has a sudden growth with 80,650 tons, nearly 3 times higher than the amount of steel sold in this area in May 2019.

This result shows that Hoa Phat Dung Quat Iron and Steel Integrated Complex is well performing its role in boosting the supply, occupying market share of the southern market and export. With a capacity of 2 million tons of steel per year, although Phase 1 of Hoa Phat Dung Quat is in the trial operation process, it witnessed that performance of the equipment is increasingly improved.

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Accumulated 5 months, Hoa Phat has provided domestic and foreign markets with 1.26 million tons of steel, a slight growth over the same period last year, particularly the Southern region nearly doubled with more than 292,000 tons. Exportation of finished steel products in 5 months reached 160,000 tons, up more than 50% compared to the same period of 2019. Export markets include Japan, Australia, Canada, Thailand, Cambodia, Malaysia, ...

Regarding steel billets, the exportation has sharply gone up since the beginning of the year compared to 2019 with an output of 596,000 tons including  316,000 tons to China, accounting for 53%, and the rest is to Taiwan, Indonesia, Malaysia, Thailand, Sri Lanka, Philippines.

Nghi Tran

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