Vietnamese steel giant Hoa Phat Hoa Phat Group has produced 4.3 million tonnes of crude steel in January-June 2022, an increase of 8% YoY, while consumption of construction steel, billet and HRC reached almost 4 million tonnes, up 6% YoYConstruction Steel Production - 2.38 million tonnes, up 29% YoYHRC sales - 1.4 million tonnes, up 7% YoYSteel Pipes – 0.377 million tonnesGalvanized Sheets – 0.180 million tonnesConstruction steel consumption experienced rapid growth thanks to the high demanding market in the southern region and exports, followed by 200% and 60% respectively, over the same period in 2021. Due to the Government push, the progress of public investment projects, especially the key infrastructure projects including the North-South highway, has improved the consumption in the construction materials market compared to the previous year.In the second quarter, despite many complicated situations in the world raw material market due to the Russia-Ukraine tension conflict, Hoa Phat Group still maintained stable production, ensuring a sufficient supply of goods both domestically and overseas.
Vietnamese steel giant Hoa Phat Hoa Phat Group has produced 4.3 million tonnes of crude steel in January-June 2022, an increase of 8% YoY, while consumption of construction steel, billet and HRC reached almost 4 million tonnes, up 6% YoYConstruction Steel Production - 2.38 million tonnes, up 29% YoYHRC sales - 1.4 million tonnes, up 7% YoYSteel Pipes – 0.377 million tonnesGalvanized Sheets – 0.180 million tonnesConstruction steel consumption experienced rapid growth thanks to the high demanding market in the southern region and exports, followed by 200% and 60% respectively, over the same period in 2021. Due to the Government push, the progress of public investment projects, especially the key infrastructure projects including the North-South highway, has improved the consumption in the construction materials market compared to the previous year.In the second quarter, despite many complicated situations in the world raw material market due to the Russia-Ukraine tension conflict, Hoa Phat Group still maintained stable production, ensuring a sufficient supply of goods both domestically and overseas.
