The first order of the year to Europe opens up a large consumption market for the Hoa Phat Group's products.

According to Tran Ngoc An, deputy head of the company’s sales department, the shipment is expected to be delivered between February 15 and 20.

leftcenterrightdel
HRC steel at Hoa Phat Dung Quat Steel Integrated Complex

Hoa Phat’s HRC is produced on a modern European rolling casting line, meeting strict world standards such as American Society for Testing and Materials (ASTM), is an international standards organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems, and services as well as Japanese Industrial Standards (JIS). The products are used as raw materials for the production of steel pipes, roofing sheets and other special items such as container shells.

Last year, the Hoa Phat Dung Quat Steel Joint Stock Company supplied 2.6 million tons of HRC steel to the market, of which the export volume accounts for less than 30,000 tons.

Many foreign customers want to order HRC products. However, the Hoa Phat Group has not been able to meet all the market's needs. This is also the motivation for the group to promote the implementation of the Hoa Phat Dung Quat 2 Steel Integrated Complex project, focusing on producing hot rolled coil with a capacity of 5.6 million tons a year.

Hoa Phat's annual steel production capacity reaches about 14 million tons, including 8.6 million tons of HRC when the complex becomes operational.

Source: VNA