Hanoi(VNA) - Leading steel manufacturer Hoa Phat Groupsold nearly 4.14 million tonnes of steel in the first ten months of 2020.
Of the total, more than 2.7 million tonnes of construction steel were supplied to the market, up 28.6percent year-on-year.
It exported 435,000tonnes of ready-to-use steel in the period, double the volume in the same period lastyear.
In October alone, Hoa Phat’s exports of ready-to-usesteel increased 4.3-fold compared to October 2019, reaching nearly 62,000tonnes.
It said its exports of ready-to-use steel and steel billets continued to grow wellin Canada, Malaysia, Japan, Cambodia, and Ghana.
In addition to construction steel, the Hoa PhatDung Quat complex produced over 340,000 tonnes of hot rolled steel coil (HRC) in the first ten months, with 112,000 tonnes produced in October alone.
Hoa Phat began supplying HRC to the market in November./.
Hoa Phat Hung Yen Steel Co., Ltd – a subsidiary of Vietnam's leading steel manufacturer Hoa Phat Group - has signed a number contracts to export high-quality rolled steel branded SAE to African markets, marking its success in opening new export markets.
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The Hoa Phat Dung Quat Steel Joint Stock Company shipped the first batch of S95 ground granulated blast furnace slag to Australia on September 10, where stern standards and stringent requirements are applied.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
