Hoa Phat Group, a Vietnamese steel producer, has achieved the production of 8 million metric tons of hot rolled steel coil (HRC) since its first HRC coil was made in May 2020. This achievement solidifies Hoa Phat's status as Southeast Asia's leading steel manufacturer.
On October 24, 2023, Hoa Phat Group hit a significant milestone, producing 8 million metric tons of hot rolled steel coil (HRC). This remarkable achievement comes three years after the company produced its first HRC coil in May 2020. Hoa Phat Group has the distinction of being the only Vietnamese steel company capable of manufacturing HRC, thereby affirming its leadership in the Southeast Asian steel industry.
Mr. Bui Van Tiep, the Director of HRC Steel Rolling Factory at Hoa Phat Dung Quat Steel JSC, revealed that the company had already reached 5 million metric tons of HRC production in August 2022. That was during the 30th anniversary celebrations of the Hoa Phat Group's establishment. The figure has since increased to 8 million metric tons as of October 2023.
The company has been focusing on technological advancements to boost its production capabilities. Specifically, the factory invested in roll forming machine No. 3, launched in November 2022. This new addition increased roll forming capacity and ensured continuous production.
Earlier this year, in January 2023, the factory also completed the installation and test run of an F5 rolling rack. This enabled them to thin the HRC from 1.5mm to 1.2mm. The introduction of this rolling rack has not only improved the quality of the products but also enhanced productivity and efficiency.
Hoa Phat's HRC products offer a wide variety of types. These include low carbon steel grades like SAE1006, SAE1008, S235JR, SPHC, SPHD, BJPC, SPHT1, and medium carbon steel grades such as SS400, S275, S355, SAE1017, and SS36. They also produce according to specific ASTM standards. Hoa Phat Dung Quat Steel Integrated Complex offers products in a wide range of widths, catering to both domestic and international clients.
The group's mastery over hot rolled steel production technology and its continually diversifying product range signify its robust capabilities. This affirms Hoa Phat Group's position as the largest steel manufacturer in Southeast Asia.
The Hoa Phat Group's achievement of producing 8 million metric tons of hot rolled steel coil marks a significant milestone in its journey. This not only sets it apart as the sole Vietnamese company capable of manufacturing this type of steel but also reinforces its status as a leader in the Southeast Asian steel industry. With continued focus on technological advancements and product diversity, Hoa Phat Group looks set to maintain its lead for years to come.