Vietnamese Hoa Phat Steel Sales Reaches 4.3 Million Tonnes in H1
In June 2021, the output of Hoa Phat Group’s crude steel reached 658,000 tonnes, increasing 49 per cent from the same period last year. Its steel sales last month were 569,000 tonnes, increasing 10 per cent. Of which, the sales of hot rolled coil steel and construction steel reached 230,000 tonnes each. The group sold more than 41,000 tonnes of steel pipe while the remaining was galvanized steel sheet and steel billet. Hoa Phat's sales volume of construction steel and steel pipes was decreased over the same period and the previous month due to the impact of the 4th COVID-19 pandemic nationwide, especially in Ho Chi Minh City and the southern provinces while the rainy season has begun.
In the first half of the year, Hoa Phat Group produced more than 4 million tonnes of crude steel, up 55 per cent over the same period last year. Sales volume of steel products reached nearly 4.3 million tonnes, increasing more than 60 per cent from the same period last year. Construction steel reached 1.8 million tonnes, representing 22 per cent year-on-year increase. The amount of steel billet sold in both domestic and foreign markets was 608,000 tonnes.
The hot rolled coil production exceeded 1.3 million tonnes in the six month period, meeting 50 per cent of the whole year’s set plan. Steel pipes output recorded 375,000 tonnes, up 8 per cent from the corresponding period last year. Hoa Phat's galvanized steel sheet output posted the record growth, reaching nearly 160,000 tonnes, 2.8 times higher than the same period last year.