Hoa Phat Crude Steel Production in January up 67% YoY
In January 2021, Hoa Phat's crude steel production reached the highest level ever with more than 670,000 tonnes, up 67% over the same period. Hoa Phat
In January 2021, Hoa Phat's crude steel production reached the highest level ever with more than 670,000 tonnes, up 67% over the same period. Hoa Phat steel sales including finished construction steel, billet and hot rolled coil totalled 577,000 tonnes. HRC saw the strongest growth, reaching 252,000 tonnes, up 48% compared to December 2020. Finished construction steel recorded output of 186,000 tonnes, up 6% over the same period. In the first month of 2021
Hoa Phat exported 37,000 tonnes of finished construction steel, an increase of 38% compared to January 2020.
In addition, the amount of billet serving the domestic and foreign markets reached nearly 140,000 tonnes, up 40% over the same period.
The operation of the No 4 blast furnace of Hoa Phat Dung Quat Iron and Steel Production Complex in operation in January officially raised the Group's total crude steel output to 8 million tonnes per year. At the same time, monthly crude steel production reached its highest level ever. This is the basis for Hoa Phat to promote the production and supply of HRC for the domestic market.