October 08, 2022 | 18:27 (GMT+7)
Hoa Phat churns out over 6 mln tons of crude steel in 9 months
Hoa Phat Group produced over 6 million tons of crude steel in the first nine months of the year, matching its output from last year.
The group sold 5.7 million tons of construction steel, hot rolled coil, and billet, up 3% annually. Of which, 3.4 million tons were construction steel, including over 1 million tons for export, equivalent to the figure of the whole year 2021 and making up 30% of the total construction steel Hoa Phat provided to the market.
It is exporting steel to more than 20 countries and territories worldwide.
In September, Hoa Phat manufactured 540,000 tons of crude steel and sold 555,000 tons of construction steel, hot rolled coil and billet. Of which, 228,000 tons were hot rolled coil, up 29% year-on-year, and 318,000 tons were construction steel, down 3%.
With an annual capacity of manufacturing 8.5 million tons of crude steel, Hoa Phat now leads the market share in construction steel and steel pipes with 36% and 29%, respectively.
Source: VNA