Hoa Phat Steel Pipe Company posts record sale of 95,000 tonnes

In November 2020, Hoa Phat Steel Pipe Company Ltd reached the highest ever sale volume of more than 95,000 tonnes, up 31.2 per cent from the same period last year. In addition, the company also supplied 16,900 tonnes of galvanized coil to the market, representing 135 per cent year-on-year hike.

Hoa Phat Steel Pipe Company posts record sale of 95,000 tonnes

All of its markets in three regions recorded high growth over the corresponding period last year. The sale in the Northern region was increased by 34.2 per cent, while that in the South was 33.7 per cent. Despite facing continuous flood and storms, the Central region still achieved an increase of 17.8 per cent.

To achieve the above impressive results, Mr. Ta Thanh Binh, Sales Manager of Hoa Phat Steel Pipe Company Ltd said that the year-end months are the peak period for building and completing projects. The steel consumption therefore is always at a high level. In addition, the Government’s policies to promote public investment has also contributed to the increase.

Another important reason was that the material prices in the world market have surged in recent months. It is the reason that distributors, agents and contractors have bought more products to reserve for their production and business.

In addition, Hoa Phat’s large steel pipe products have been given much attention in the market, replacing imported products thank to more timely delivery with high quality and better application than equivalent categories. Customers often selected large round pipes with diameter Φ273mm, Φ323.8mm, square pipe size 200x200mm, 250x250mm, rectangular tube size 200x300mm.

Hoa Phat Dung Quat Steel Integrated Complex has become a major supplier of hot rolled coil (HRC) steel and raw materials for the company’s production of galvanized coil and steel pipes nationwide. With the initiative of internal material sources within the group, Hoa Phat Steel Pipe Company Ltd is entering a new stage of development, promising outstanding growth in both output, revenue and profit.

 Nghi Tran