Vietnamese steel maker Hoa Phat Group’s sales of steel products reached 799,000 tonnes In December 2021, up 14% YoY. In which, the sale of finished construction steel was 353,000 tonnes, representing 10 per cent year-on-year increase. Construction steel exports in December continued to achieve high output with nearly 94,000 tonnes, increasing 59% YoY. Hot rolled coil steel sale reached 217,000 tonnes. The remaining sale was steel billet, steel pipe and galvanized sheet. The group has supplied to the market a total of 8.8 million tonnes of steel in 2021 including steel billet, construction steel, HRC, steel pipe and corrugated iron, up 35% YoY. In terms of products’ proportion, construction steel and HRC contributed mainly to the sales volume. Construction steel recorded 3.9 million tonnes, increasing 14% YoY and contributing 44% of total steel output of all kinds. HRC reached 2.6 million tonnes, tripled in 2020 and contributing 28% of total output. In addition, galvanized steel products in 2021 exceeded the design capacity for the first time when reaching 428,000 tonnes.Export activities made an important contribution to output in 2021. For the first time, exports of steel billet and construction steel recorded 2.3 million tonnes. The main export markets are Canada, Australia, Japan, South Korea & China. Galvanized steel products also had a brilliant export year when reaching 297,000 tonnes, contributing 69% of the total amount of Hoa Phat’s steel sheet supplied to the market.With a capacity of over 8 million tons a year, Hoa Phat Group is the largest steel producer in Vietnam. Hoa Phat Group continues to hold the No. 1 position in Vietnam in terms of market share for construction steel and steel pipes. Hoa Phat steel sheet is in the Top 5 enterprises holding the largest market share in the country. Hoa Phat Group is also the only Vietnamese enterprise that can produce HRC. From 2022, the group will implement the Hoa Phat Dung Quat 2 Steel Integrated Complex project, with a yearly capacity of 5.6 million tonnes. It is expected that when completed in 2025, Hoa Phat's steel output will reach about 14 million tonnes a year, reaching the Top 30 largest steel enterprises in the world.