Hoa Phat’s Rebar Exports Exceeded 1 Million Tonne in 9 Months

Vietnamese steel giant Hoa Phat Group produced 540,000 tonnes of crude steel in September 2022 while the sales volume of steel products reached 555,000 tonnes. Hot rolled coil reached 228,000 tonnes, an increase of 29% YoY while construction steel recorded 318,000 tonnes, a decrease of 3% YoY. Storm and severe weather compounded in September, affecting construction activities. However, Hoa Phat steel pipe sales volume was better reaching nearly 76,000 tonnes, rising 94% over the same period. The output of galvanized steel sheets in the domestic market also doubled compared to the same period in 2021.In 9 months, Hoa Phat has produced more than 6 million tonnes of crude steel, equivalent to the same period in 2021. Sales of construction steel products, HRC, and billets reached 5.7 million tonnes, an increase of 3% compared to 9 months in 2021. Construction steel recorded 3.4 million tonnes after 9 months, growing 24%. With the hot rolled coil product line, the Group has supplied to domestic and foreign markets more than 2 million tonnes, rising 5% compared to 9 months of 2021 and contributing 36% of Hoa Phat's overall output over the past time. HRC downstream products are steel pipes reaching 577,000 tonnes, growing 16%; coated steel sheets of all kinds recorded 249,000 tonnes, falling slightly compared to the same period last year.This figure has a significant contribution from the export market. The export output has surpassed 1 million tonnes, which is equivalent to 2021 as a whole, accounting for 30% of the total amount of construction steel that Hoa Phat supplies to the market. Currently, Hoa Phat is exporting steel to over 20 countries and territories around the world.Hoa Phat has a crude steel capacity of 8.5 million tonnes per year, leading the market share of construction steel and steel pipes in Vietnam, about 36% and 29% respectively. With the advantage of steelmaking from iron ore and modern technology, the Group owns a diverse and high-quality product chain, meeting all the needs of domestic and foreign customers.

Hoa Phat’s Rebar Exports Exceeded 1 Million Tonne in 9 Months

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