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Vietnam's Hoa Phat posts higher construction steel sales amid rising consumption-管材展-钢管展-2024第二十四届广州国际管材及管材加工设备展览会－巨浪展览-The 24th China(Guangzhou)Int'l Tube & Pipe Expo
12/11/2023 管材展-钢管展-steel tube expo-pipe expo-pipe exhibition |
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Vietnam-based steel producer Hoa Phat Group has announced that in November this year it produced 623,000 mt ofcrude steel, up by 0.6 percent month on month. The company''s sales volume in November increased by 12.0 percentmonth on month to /09.000 mt. including constructon stee. stee bilet and hot roled cor . in particular, in the aivenmonth the company''s construction steel and high-quality steel sales totaled 410,000 mt, up by 20.9 percent month onmonth, with consumption in all three regions of the country recording growth, owing to the start of the constructionseason in Vietnam. The company''s HRC sales totaled 270,000 mt, remaining almost stable month on month. HoaPhat''s galvanized steel and pipe sales in November totaled 37.000 mt and 73000 mt, up by 44 percent and 34 percentmonth on month, respectively.
In the January-November period this year, Hoa Phat produced more than 6 million mt of crude steel, down 14 percentyear on year. The company''s sales volume in the given period decreased by 10 percent year on year to 5.96 millionmt, including construction steel, steel billet and hot rolled coil. In the first 11 months, the company''s construction steeland high-auality steel sales totaled 3 3 milion mt. down by 15 percent vear on year. The company''s HRC. steel pipeand galvanized steel sales in the given period totaled over 2.5 million mt, 616,000 mt and 304,000 mt, respectively, upby two percent, down by 11 percent and up by two percent, respectively, year on year.
Curently, the group is implementing the Hoa Phat Dung Quat 2 Steel lntegrated Complex project in the centralprovince of Quang Ngai with a design capacity of 5.6 miion mt of hot rolled steel per year. lt is expected that when theproject is completed in early 2025 Hoa Phat''s annual crude steel production capacity will reach over 14 million mt.equivalent to the top 30 largest steel enterprises in the world.
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