Vietnamese steel maker Hoa Phat Group achieved crude steel production output of 762,000 tonnes in March 2022, posting 9% YoY increase. Sales volume of construction steel, hot rolled coil and steel billet was 832,000 tonnes. In which, construction steel sales for the first time in history recorded 511,000 tonnes, 7% higher than the peak of 2021. Hoa Phat Group has provided the market with 296,000 tonnes of hot rolled coil. This is the highest output level since Hoa Phat Group started supplying HRC to the market from November 2020. The above-mentioned HRC sales volume increased 24% compared to the previous month and representing 25% YoY. In addition to the above products, Hoa Phat Group also supplied 78,000 tons of steel pipes and 36,000 tonnes of galvanized steel of all kinds to the market in March.In the first quarter of 2022, Hoa Phat Group produced 2.16 million tonnes of crude steel, up 8% YoY. Sales volume of finished construction steel, steel billet and hot rolled coil reached 2.17 million tonnes, increasing 12% YoY. Of which, finished construction steel was 1.34 million tonnes in the three-month period, increasing 57 per cent from the same period last year. Hoa Phat Group's hot-rolled coil in the first 3 months of the year reached 763,000 tonnes, posting 15% YoY increase. HRC’s downstream products such as steel pipes and galvanized steel were 207,000 tons and 105,000 tonnes, respectively, representing 13% & 43% YoY growth.Hoa Phat Group has a crude steel capacity of 8.5 million tonnes a year, equivalent to about 700,000 tons a month. The above results show that all production plants of the group are operating at full capacity to serve market demand and optimize the efficiency of the steel production chain.
Vietnamese steel maker Hoa Phat Group achieved crude steel production output of 762,000 tonnes in March 2022, posting 9% YoY increase. Sales volume of construction steel, hot rolled coil and steel billet was 832,000 tonnes. In which, construction steel sales for the first time in history recorded 511,000 tonnes, 7% higher than the peak of 2021. Hoa Phat Group has provided the market with 296,000 tonnes of hot rolled coil. This is the highest output level since Hoa Phat Group started supplying HRC to the market from November 2020. The above-mentioned HRC sales volume increased 24% compared to the previous month and representing 25% YoY. In addition to the above products, Hoa Phat Group also supplied 78,000 tons of steel pipes and 36,000 tonnes of galvanized steel of all kinds to the market in March.In the first quarter of 2022, Hoa Phat Group produced 2.16 million tonnes of crude steel, up 8% YoY. Sales volume of finished construction steel, steel billet and hot rolled coil reached 2.17 million tonnes, increasing 12% YoY. Of which, finished construction steel was 1.34 million tonnes in the three-month period, increasing 57 per cent from the same period last year. Hoa Phat Group's hot-rolled coil in the first 3 months of the year reached 763,000 tonnes, posting 15% YoY increase. HRC’s downstream products such as steel pipes and galvanized steel were 207,000 tons and 105,000 tonnes, respectively, representing 13% & 43% YoY growth.Hoa Phat Group has a crude steel capacity of 8.5 million tonnes a year, equivalent to about 700,000 tons a month. The above results show that all production plants of the group are operating at full capacity to serve market demand and optimize the efficiency of the steel production chain.
