Hoa Phat Steel's export market shows positive signs in the beginning of the year

30/01/2023 14:00

It has been noted that Hoa Phat's steel exports received a positive signal at the beginning of 2023. The company received many export orders from the USA, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong, Cambodia and many others...


The export order to the Americas is Grade 60 - Aircooled rebar, a type of reinforced concrete commonly used in construction, manufactured according to American standards - ASTM A615/A615M-14. Hoa Phat also exports wire rod with steel grades from SAE1006 to SAE1021, ASTM A510/A510M - 13 standards to this region. The goods will be exported from Hoa Phat Dung Quat and Hoa Phat Hai Duong Steel Integrated Complex in January 2023.

In addition, Hoa Phat is expected to deliver the first shipment of rolled steel to the Belgian market in February.

Hoa Phat produces steel using modern, closed blast furnace technology and offers a selection of steel grades. Hoa Phat's steel products are of high quality and highly competitive on the international market.

In 2022, Hoa Phat supplied the market with 7.2 million tons of steel. In which, export output contributed nearly 1.2 million tons, up 15% compared to 2021.

With the expansion of Hoa Phat's export market, the company now serves customers on 5 continents. The long steel of Hoa Phat has been exported to more than 30 countries and territories around the world. These include the United States, Canada, Singapore, Hong Kong, Korea and the Caribbean. By utilizing export markets, Hoa Phat diversifies its consumption markets, and at the same time contributes to foreign currency collection and balances the trade balance of Vietnam.


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