Hanoi (VNA) – The Vietnamese steel giant Hoa Phat Group saw32% rise in sales volume of steel products in the first two months of thisyear, the firm reported.
In the January-February period, Hoa Phat sold 1.15 million tonnesof hot rolled steel products (HRC), construction steel, high quality steel andsteel billets. Meanwhile, the firm produced 1.38 tonnes of crude steel, anincrease of 71% over the same period last year.
However, in February, the firm saw a considerable drop insteel sales volume compared to that in January, mostly due to the long LunarNew Year holiday. In the month, Hoa Phat produced 690,000 tonnes of crudesteel, a similar output as January.
In the month, its sales volume of hot rolled steel products,construction steel, high quality steel and steel billets was 518,000 tonnes,down 19% compared to the first month of the year.
Meanwhile, the firm sold 212,000 tonnes of constructionsteel and high quality steel, down 42% compared to January, along with 266,000tonnes of HRC products, 41,000 tonnes of steel pipes, and 32,000 tonnes ofgalvanised steel./.
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Illustrative image (Source: Hoa Phat) 
