Hoa Phat steel pipe sales volume in the South increased by 16.4%, Premium Steel Sheet "sold out"

In June 2020, Hoa Phat steel pipe sales volume reached 71,500 tons, up 8% YoY, of which the strongest growth was in the Southern market with 16.4%. Steel sheet products also made an impression with a 200% increase in sales volume over the same period.

Among the types supplied to the market, galvanized steel pipe accounts for the largest volume, reaching 66,300 tons. Steel pipe export volume in June grew by 23.5% YoY.

The reason why volume in June increased is that Hoa Phat Steel Pipe has operated the product line of large-sized pipes supplied to projects across the North, Central and South that receive high appreciation for quality. Many projects have prioritized the use of special product lines with super-large diameters: Circle pipes ⱷ273 and ⱷ 325mm, square box tubes 200x200, 250x250 mm, rectangular pipes 200x300mm, pipe thickness up to 12mm.

Accumulated 6 months, Hoa Phat Steel Pipe Co., Ltd has sold 347,100 tons, in which export volume went up nearly 2 times compared to the first 6 months of 2019. With this result, Hoa Phat Steel Pipe continues to be in the leading position - accounting for about 32%, affirming the No. 1 market share in Vietnam.

Regarding Steel Sheet products, in the first 6 months of 2020, sales volume of Hoa Phat Steel Sheet Co., Ltd. rose up by 200% compared to the same period last year. Particularly, the two new products: Premium diamond steel sheet and panel was sold out in the first production batch after only 15 days while lots of company have to wait for production and register to buy the next batch.

The key markets are in the Central and the South. In addition to Premium steel sheet, other products of Hoa Phat are also particularly popular in the market, including the line of colored and white-coated anti-finger steel sheet. This is a high quality protective layer that prevents smudging, oxidation, keeps the surface bright for a long time, and reduces peeling and scratching of the coating during stamping and lamination.

After more than 2 years of official launch, until now Hoa Phat steel sheet products have conquered the market due to the outstanding properties, high durability, variety of designs and types to meet the demand of consumers.

In 2020, Hoa Phat sets a target of 100% growth in steel sheet sales volume. Steel pipe products set a growth target of 10% compared to the output of 2019. 

Hong Hanh - Vuong Hang