Hoa Phat Sales Crosses 5 Million Tonne Mark in 2020
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Hoa Phat Sales Crosses 5 Million Tonne Mark in 2020

For the first time, Hoa Phat steel reached the record sale of more than 5 million tonnes in 2020, of which finished construction steel reached 3.4 million

For the first time, Hoa Phat steel reached the record sale of more than 5 million tonnes in 2020, of which finished construction steel reached 3.4 million tonnes, up 22.5% over the same period last year. The amount of steel billet supplied to both domestic and foreign markets reached 1.7 million tonnes. With the good sale growth, Hoa Phat steel has firmly consolidated its No 1 position in Vietnam with about 33% market share, increasing by 6.8% from the previous year.

Hoa Phat construction steel has been selected in many major infrastructure projects in Vietnam such as Metro Nhon-Hanoi Railway Station, Ring Road 3 Mai Dich South Thang Long section, Head office of the State Securities Commission of Vietnam, North-South Expressway section passing Quang Tri Hue, Van Don Mong Cai Expressway, Cua Hoi Bridge Nghe An, Long Thanh Dau Giay Expressway, Trung Luong My Thuan Expressway, the improvement project of Noi Bai International Airport Tan Son Nhat etc.

The exports of finished steel reached nearly 540,000 tonnes, up 2 times over the previous year. Its export markets for construction steel include Japan, South Korea, Canada, Australia, Cambodia, Laos, Malaysia, Taiwan, Indonesia, Ghana and Kenya. In addition, Hoa Phat Group also exported 1.7 million tonnes of square billet for construction steel production to Thailand, China, Malaysia, Indonesia, Taiwan and Sri Lanka. Particularly, the exports of steel billet to China were 12 times higher than that in 2019.

HRC output at Hoa Phat Dung Quat Iron and Steel Production Complex in 2020 reached nearly 700,000 tonnes. Hoa Phat Group sets a target of 2.7 million tonnes of HRC in 2021

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