Vietnamese steel maker Hoa Phat Group has achieved a crude steel output of 681,000 tonnes in August 2021, representing 40% YoY increase. Despite strict measures to prevent the COVID-19 pandemic, Hoa Phat's factories and steel production complexes in Hung Yen, Hai Duong, and Quang Ngai provinces have still maintained continuous operations to ensure abundant steel supply for the market. Blast furnaces at Hoa Phat Dung Quat Steel Integrated Complex are increasingly stable, making the largest contribution to its overall output.Its steel sales reached 690,000 tonnes in August. Sales of construction steel were reduced by 17% from the same period last year to 268,000 tonnes as many localities such as Hanoi, Ho Chi Minh City and southern provinces have increased social distancingIn the first 8 months of 2021, Hoa Phat Group achieved crude steel output of 5.4 million tonnes, up 56% YoY over the same period last year. Sales of finished steel products reached 5.6 million tonnes, up 47% YoY over the same period last year. In which, construction steel was nearly 2.5 million tonnes, posting 16% YoY increase. Hoa Phat’s steel pipe products recorded 458,000 tonnes, equal to 92% of the corresponding period last year. In the first 8 months of the year, Hoa Phat’s steel sheet reached nearly 218,000 tonnes, 2.4 times higher than the same period in 2020.Hoa Phat's total crude steel capacity is currently 8 million tonnes a year, of which construction steel is 5 million tonnes, hot-rolled coil 3 million tonnes year.
Vietnamese steel maker Hoa Phat Group has achieved a crude steel output of 681,000 tonnes in August 2021, representing 40% YoY increase. Despite strict measures to prevent the COVID-19 pandemic, Hoa Phat's factories and steel production complexes in Hung Yen, Hai Duong, and Quang Ngai provinces have still maintained continuous operations to ensure abundant steel supply for the market. Blast furnaces at Hoa Phat Dung Quat Steel Integrated Complex are increasingly stable, making the largest contribution to its overall output.Its steel sales reached 690,000 tonnes in August. Sales of construction steel were reduced by 17% from the same period last year to 268,000 tonnes as many localities such as Hanoi, Ho Chi Minh City and southern provinces have increased social distancingIn the first 8 months of 2021, Hoa Phat Group achieved crude steel output of 5.4 million tonnes, up 56% YoY over the same period last year. Sales of finished steel products reached 5.6 million tonnes, up 47% YoY over the same period last year. In which, construction steel was nearly 2.5 million tonnes, posting 16% YoY increase. Hoa Phat’s steel pipe products recorded 458,000 tonnes, equal to 92% of the corresponding period last year. In the first 8 months of the year, Hoa Phat’s steel sheet reached nearly 218,000 tonnes, 2.4 times higher than the same period in 2020.Hoa Phat's total crude steel capacity is currently 8 million tonnes a year, of which construction steel is 5 million tonnes, hot-rolled coil 3 million tonnes year.
