Vietnamese steel giant Hoa Phat Group produced 780,000 tonnes of crude steel in May 2022, up 16 % YoY, while total sales of steel billet, construction steel and hot rolled coil reached 660,000 tonnes, up10% YoY. The output of construction steel alone reached 393,000 tonnes, up 21% YoY.Construction steel export activity recorded positive results in May with 167,000 tonnes, more than 2 times higher than the same period last year, making an important contribution to the above output growth. In addition to finished steel, Hoa Phat Group also provided 63,000 tonnes of steel billets for domestic and foreign markets.With hot rolled coil products, the output in May reached over 200,000 tonnes, down 10% YoY as the market for HRC downstream products such as steel pipes and galvanized steel is sluggish, leading to lower consumption of hot rolled coil materials compared to the same period last year and the previous month.Hoa Phat Group’s steel pipe reached 51,000 tonnes, down 20% YoY. In the first 5 months of 2022, Hoa Phat Group produced 3.6 million tonnes of crude steel, posting 10% YoY increase. Sales volume of steel billet, construction steel and HRC reached 3.4 million tonnes, up 5%YoY. Construction steel contributed 2 million tonnes, up 26% YoY, of which 631,000 tonnes were exported, more than 2 times higher than the same period last year. HRC recorded 1.2 million tonnes, up slightly year-on-year. In addition, Hoa Phat Group also provided over 300,000 tonnes of steel pipes & 152,000 tonnes of coated steel sheets for both domestic and foreign markets.Currently, Hoa Phat Group has a crude steel capacity of 8.5 million tonnes a year, including 5.5 million tonnes of steel billet, construction steel and 3 million tonnes of HRC a year. Hoa Phat Group holds the No 1 market share in Vietnam for construction steel, steel pipes. The group is the only Vietnamese enterprise that can produce hot-rolled coils.