Hoa Phat's steel export orders reach 720,000 tonnes by May
Vietnam’s largest steel maker Hoa Phat Group said it has received export orders of 720,000 tonnes of construction steel in total for delivery between now and May.
Hanoi (VNA) – Vietnam’s largest steel maker HoaPhat Group said it has received export orders of 720,000 tonnes of constructionsteel in total for delivery between now and May.
The company sold a total of 450,000 tonnes of the product in February, a 2.3-fold increase year on year and a rise of 17 percentagainst January.
Of the volume, 60,000 tonnes have been exported, doubling thefigure of the same month last year.
Hoa Phat also supplied to the market nearly 240,000 tonnesof hot-rolled coil (HRC) last month, up 5 percent month-on-month and 36 percentyear-on-year.
Total sales of Hoa Phat’s construction steel, billet steeland HRC surged 39 percent year-on-year to 708,000 tonnes in February.
It has received an order of 35,000 tonnes of HRC from Italy,which has been delivered to the buyer at Hoa Phat Dung Quat Port on February26.
In the first two months, its output of raw steel reachedsome 1.4 million tonnes, an increase of 8 percent from a year earlier. Totalsales of construction steel, steel billets and HRC hit 1.34 million tonnes, up32 percent.
Its annual capacity now exceeds 8 million tonnes, or around700,000 tonnes per month. Its steel production complexes in Quang Ngai, HaiDuong and Hung Yen has operated at full capacity to fulfill orders both at homeand overseas./.
Vietnam’s leading steelmaker Hoa Phat Group recorded its highest ever after-tax profit of 34.5 trillion VND (1.5 billion USD) in 2021, 1.5 times higher than the previous year and surpass 92 percent of the whole year’s set target.
Steel maker Hoa Phat Group announced that its subsidiary Hoa Phat Dung Quat Steel Joint Stock Company has signed a contract to export the first batch of 35,000 tonnes of hot rolled coil (HRC) steel to Italy.
Vietnam’s largest steelmaker, Hoa Phat Group, sold a total of 450,000 tonnes of construction steel products in February, representing a 2.3-fold increase year on year and a rise of 17 percent against January.
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Illustrative photo. (Source: VNA)
