Vietnamese steel giant Hoa Phat announced that the sales volume of billet products, construction steel and hot rolled coil reached 526,000 tonnes in July 2022, equivalent to July 2021. In which, construction steel contributed 372,000 tonnes, up by 2% YoY even though the domestic steel market continued to struggle due to sluggish demand, and the weather entered the rainy season. Hoa Phat’s construction steel export output recorded 147,000 tonnes, an increase of 81% YoY more than compensating domestic sales.Hoa Phat’s hot rolled coil sales reached 150,000 tonnes in July, down 5% YoY but downstream products such as steel pipe & galvanized sheet reached 60,000 tonnes & 18,000 tonne respectively, up 38% YoYIn the 7 months of 2022, Hoa Phat Group produced 4.9 million tonnes of crude steel, representing a 5% YoY growth. The sales volume of construction steel, billet, and HRC reached over 4.5 million tonnes of steel of various types, up 5% YoY. In which, construction steel is 2.7 million tonnes, up 25% YoY & HRC production contributed nearly 1.6 million tonnes, an increase of 6% YoY. In addition, Hoa Phat supplied 437,000 tonnes of steel pipes and 198,000 tonnes of galvanized steel, slight increase compared to the same period last year.Hoa Phat currently has a crude steel capacity of 8.5 million tonnes per year. Hoa Phat's construction steel and steel pipe holds the No1 market share in Vietnam, with 36.2% and 28.8% respectively. The Group not only serves the domestic market but also exports steel products to more than 20 countries around the world to diversify the consumption market.
Vietnamese steel giant Hoa Phat announced that the sales volume of billet products, construction steel and hot rolled coil reached 526,000 tonnes in July 2022, equivalent to July 2021. In which, construction steel contributed 372,000 tonnes, up by 2% YoY even though the domestic steel market continued to struggle due to sluggish demand, and the weather entered the rainy season. Hoa Phat’s construction steel export output recorded 147,000 tonnes, an increase of 81% YoY more than compensating domestic sales.Hoa Phat’s hot rolled coil sales reached 150,000 tonnes in July, down 5% YoY but downstream products such as steel pipe & galvanized sheet reached 60,000 tonnes & 18,000 tonne respectively, up 38% YoYIn the 7 months of 2022, Hoa Phat Group produced 4.9 million tonnes of crude steel, representing a 5% YoY growth. The sales volume of construction steel, billet, and HRC reached over 4.5 million tonnes of steel of various types, up 5% YoY. In which, construction steel is 2.7 million tonnes, up 25% YoY & HRC production contributed nearly 1.6 million tonnes, an increase of 6% YoY. In addition, Hoa Phat supplied 437,000 tonnes of steel pipes and 198,000 tonnes of galvanized steel, slight increase compared to the same period last year.Hoa Phat currently has a crude steel capacity of 8.5 million tonnes per year. Hoa Phat's construction steel and steel pipe holds the No1 market share in Vietnam, with 36.2% and 28.8% respectively. The Group not only serves the domestic market but also exports steel products to more than 20 countries around the world to diversify the consumption market.
