Vietnam’s leading steel maker Hoa Phat Group’s revenue amounted to VND 37,714 billion in April-June 2022 quarter and the profit after tax reached VND 4,023 billion. The cumulative of the first 6 months of the year recorded VND 82,118 billion in revenue and VND 12,229 billion in profit after tax, respectively reduced by 27% compared to the same period last year completing 46% of the year plan.In the second quarter, output volume of billets, construction steel, and hot-rolled coils reached 1.8 million tonnes, of which approximately 380,000 tonnes of construction steel were exported. The consumption of steel pipe and galvanized steel reached 159,000 tonnes and 75,000 tonnes, respectively. Hoa Phat continues to maintain its market share as No 1 in Vietnam's structural steel 36.2% and steel pipes 28.8%.The Hoa Phat Group produced a cumulative total of 4.3 million tonnes of crude oil in the first six months, an increase of 8% over the same period. Production steel, billet and HRC consumption reached nearly 4 million tonnes, an increase of 6% over the same period. Among them, construction steel was 2.38 million tonnes, a rise of 29% compared to the first six months of 2021. After six months, Hoa Phat's HRC sales reached 1.4 million tonnes, accelerating 7% over the same period. HRC downstream products such as steel pipes and galvanized sheets amounted to 377,000 tonnes and 180,000 tonnes, respectively, which corresponds to consumption in the first half of 2021.
Vietnam’s leading steel maker Hoa Phat Group’s revenue amounted to VND 37,714 billion in April-June 2022 quarter and the profit after tax reached VND 4,023 billion. The cumulative of the first 6 months of the year recorded VND 82,118 billion in revenue and VND 12,229 billion in profit after tax, respectively reduced by 27% compared to the same period last year completing 46% of the year plan.In the second quarter, output volume of billets, construction steel, and hot-rolled coils reached 1.8 million tonnes, of which approximately 380,000 tonnes of construction steel were exported. The consumption of steel pipe and galvanized steel reached 159,000 tonnes and 75,000 tonnes, respectively. Hoa Phat continues to maintain its market share as No 1 in Vietnam's structural steel 36.2% and steel pipes 28.8%.The Hoa Phat Group produced a cumulative total of 4.3 million tonnes of crude oil in the first six months, an increase of 8% over the same period. Production steel, billet and HRC consumption reached nearly 4 million tonnes, an increase of 6% over the same period. Among them, construction steel was 2.38 million tonnes, a rise of 29% compared to the first six months of 2021. After six months, Hoa Phat's HRC sales reached 1.4 million tonnes, accelerating 7% over the same period. HRC downstream products such as steel pipes and galvanized sheets amounted to 377,000 tonnes and 180,000 tonnes, respectively, which corresponds to consumption in the first half of 2021.
