Hoa Phat Plans 100KT Increase in Steel Pipe Output in 2021
Hoa Phat Steel Pipe Co Ltd has supplied domestic and foreign markets with over 820,000 tonnes of steel pipes in 2020, up 10% compared to 2019, firmly at the No 1 position in Vietnam with 31 market share, up 7% YoY. In the South, Hoa Phat's steel pipe output achieved the best growth rate with 15%, followed by the North increased by 11% over the same period, the Central decreased slightly because this area was affected by floods and epidemics. Covid19. Steel pipe exports for the whole year reached over 21,000 tonnes, up 12% over the same period in 2019.
Hoa Phat Steel Pipe's export markets include the US, Canada, Australia, Mexico, Southeast Asia.
In the past year, Hoa Phat's large steel pipe product lines have been increasingly actively welcomed by the market, replacing imported products with faster response speed, more timely with superior quality and high quality products. Products selected by customers to use include large round pipe with diameter F273mm, F323.8mm, square pipe size 200x200mm, 250x250mm, rectangular tube size 200x300mm.
With a nationwide factory capacity of 1 million tonnes per year, Hoa Phat Steel Pipe is the largest steel pipe producer in Vietnam. In 2021, the Company plans to sell 920,000 tonnes, an increase of 12% compared to 2020.