Hoa Phat’s steel pipe export surges 22.3 pct in 11 months
The Hoa Phat Group said its subsidiary - Hoa Phat Steel Pipe Co., Ltd - exported 17,000 tonnes of steel pipe in the first 11 months of 2019, a year-on-year increase of 22.3 percent.
Hanoi (VNA) - TheHoa Phat Group said its subsidiary - Hoa Phat Steel Pipe Co., Ltd - exported 17,000 tonnes of steel pipe in the first 11months of 2019, a year-on-year increase of 22.3 percent.
The group said Hoa Phat’s products are sold in North America, Southeast Asia,India, Australia and Latin America.
In November alone, 72,500 tonnes of Hoa Phat steel pipe were sold out,up 27.6 percent from the same period last year, making it become the biggest steelpipe supplier in Vietnam with over 31 percent of the market share.
The firm set to sell 750,000 tonnes of steel pipe in domestic and foreignmarkets in 2019, towards realising its sale growth target of 10 percent in2020, Vice Director of the Hoa Phat Steel Pipe Co., Ltd, Nguyen Thai Son said.
According Son, big-size steel pipe products of the firm will be officially introducedin late December, serving the country’s major construction projects./.
Three Vietnamese steel firms will pay zero tax after answering the anti-dumping questionnaire of the US Commerce Department, but other exporters of steel pipes will pay the maximum tax of 113 percent.
The Hoa Phat Steel Pipe Company Limited has announced the first order to export around 1,000 tonnes of galvanised steel pipe worth 600,000 USD to India.
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Illustrative image (Photo: VNA) 
