Steel billets and construction steel output exceeded 5 million tonnes for the first time

07/01/2021 15:36

In December 2020, Hoa Phat construction steel reached an output 329,000 tonnes, up 12 per cent over the same period. In which, export volume reached 59,000 tonnes, posting 48 per cent year-on-year increase. Steel billet sales recorded 90,000 tonnes. With the good sale growth, Hoa Phat steel has firmly consolidated its No. 1 position in Vietnam with about 33 per cent market share, increasing 6.8 per cent from the previous year.

For the first time, Hoa Phat steel reached the record sale of more than 5 million tonnes, of which, finished construction steel reached 3.4 million tonnes, up 22.5 per cent over the same period last year. The amount of steel billet supplied to both domestic and foreign markets reached 1.7 million tonnes. Hoa Phat’s hot rolled coil (HRC) also reached nearly 700,000 tonnes, of which alone in December was 171,000 tonnes.

With the output of 784,000 tonnes for the whole year, the Southern region recorded a remarkable growth of 70 per cent over last year. In the Central region, despite the stressful COVID-19 pandemic and unfavorable weather conditions, sales volume in this region still grew slightly compared to 2019. The Northern region contributed the largest share, accounting for 48 per cent of the total finished steel sold by Hoa Phat construction steel.

Hoa Phat construction steel has been selected in many major infrastructure projects such as: Metro Nhon-Hanoi Railway Station, Ring Road 3 (Mai Dich - South Thang Long section), Head office of the State Securities Commission of Vietnam, North-South Expressway (section passing Quang Tri - Hue), Van Don - Mong Cai Expressway, Cua Hoi Bridge (Nghe An), Long Thanh - Dau Giay Expressway, Trung Luong - My Thuan Expressway, the improvement project of Noi Bai International Airport, Tan Son Nhat etc.

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The exports of finished steel reached nearly 540,000 tonnes, up 2 times over the previous year. Its export markets for construction steel include Japan, South Korea, Canada, Australia, Cambodia, Laos, Malaysia, Taiwan, Indonesia, Ghana and Kenya. In addition, Hoa Phat Group also exported 1.7 million tonnes of square billet for construction steel production to Thailand, China, Malaysia, Indonesia, Taiwan and Sri Lanka. Particularly, the exports of steel billet to China was 12 times higher than that in 2019.

The number of orders for Hoa Phat’s hot rolled coil (HRC) products has exceeded 300 per cent of its production capacity. HRC output at Hoa Phat Dung Quat Iron and Steel Production Complex in 2020 reached nearly 700,000 tonnes. Hoa Phat Group sets a target of 2.7 million tonnes of HRC in 2021 to meet the needs of steel pipe, galvanized steel pipe and other mechanical engineering industries, contributing to helping the steel industry in Vietnam actively have raw input materials for domestic enterprises as well as boosting exports.

Nghi Tran

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