In 2020, Hoa Phat aims to export 400,000 tons of construction steel

06/02/2020 06:00

By the end of 2019, Hoa Phat exported more than 265,000 tons to markets around the world, up 11.3% compared to 2018. Hoa Phat construction steel products were exported to the United States, Australia, and Canada, Japan, Cambodia, Malaysia, Laos, Thailand, Indonesia, Singapore, Philippines, Brunei... In 2020, Hoa Phat aims to export 400,000 tons of construction steel.

Among Hoa Phat's main export markets, led by Cambodia, with 151,000 tons, accounting for more than 50% of total exports. This is one of the key and potential markets for Hoa Phat steel products because with the advantage of neighboring low transportation costs, Cambodia has not developed the steel industry, the demand for steel imports is very high, facilitating Hoa Phat construction steel products dominate the market.

Japan ranked second with export volume of 55,000 tons, followed by Canada with 20,000 tons, and the US and Malaysia. These are all fastidious markets with strict standards and a testament to the competitiveness and quality of Hoa Phat construction steel in the international market.

Currently, Hoa Phat Dung Quat seaport is capable of receiving 200,000-ton ships is also being completed. Hoa Phat Dung Quat Port is a very big and unique advantage of Hoa Phat Dung Quat Steel, which helps to optimize logistics problems and facilitate Hoa Phat in exporting finished goods from the Complex to domestic and export markets.

 

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Along with construction steel, Hoa Phat is promoting the export of many other steel products such as steel pipe, steel sheet, steel drawn wire, drawstrings steel, pre-stressed concrete steel. For steel pipe and steel sheet products, in 2019, Hoa Phat exported a total of more than 25,000 tons to the US, India, Canada, Australia, Korea, Laos, Indonesia, Brunei, Mexico, Thailand ... By 2020, Hoa Phat will export 30,000 tons of steel pipes and steel sheet - up by 20%.

Not only replacing imported goods, Hoa Phat's high quality steel coils (raw materials for wire drawing plants) also increased exports. In 2019, steel wire exports accounted for 39% of the total drawstrings steel output of Hoa Phat Metal Manufacturing Company, mainly to markets of South Korea, USA, Canada, Laos and Cambodia. Pre-stressed concrete steel products (PC Bar) are also exported to markets in Cambodia, Hong Kong, Taiwan ...

To achieve the above results, Hoa Phat always invests in improving the quality of steel products, constantly diversifying export markets, creating momentum for the consumption of Hoa Phat steel products in the domestic market as well as exports in 2020 and beyond.

Hong Hanh

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