Hòa Phát Group sees surge in construction steel export

September 10, 2023 - 15:59

The leading steel manufacturer Hòa Phát Group sold nearly 558,000 tonnes of steel in August, of which the volume of construction steel hit 306,000 tonnes, up 18 per cent month-on-month and the highest since the beginning of this year.

Steels for exports at Hòa Phát Group. Photo courtesy of the firm

HÀ NỘI The leading steel manufacturer Hòa Phát Group sold nearly 558,000 tonnes of steel in August, of which the volume of construction steel hit 306,000 tonnes, up 18 per cent month-on-month and the highest since the beginning of this year.

Notably, the group exported 98,000 tonnes of construction steel in the month, a 3.5-fold increase against that in July and the highest in one year.

In August, Hoa Phat produced 686,000 tonnes of raw steel, up 8 per cent month-on-month, pushing the total volume in the first eight months to 4.18 million tonnes, down 25 per cent year-on-year.

In the period, over 4 million tonnes of its products were sold, representing a year-on-year decrease of 22 per cent. VNS

Kiên Giang posts 21.26% increase in exports over first four months

Economy

Vietnamese pomelo to be exported to Australia

Economy

Hải Dương to hold conference promoting Thanh Hà lychee

Economy

Automobile industry reported strong sales in Q1

Economy

TAR shares delisted from May 21

Economy

Eugene Keith Galbraith, former BCA senior executive on board to help Techcombank deepen customers’ trust

More on this story

Economy

DFC pledges a US$300-million bilateral loan to VPBank to promote sustainable finance

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) on Sunday in Hà Nội inked a commitment letter on a bilateral loan worth US$300 million with a seven-year tenor.

Economy

Proposed revisions to Việt Nam's oil and gas sector development strategy reviewed

Various proposals have been put forth by experts and industry insiders to ensure the oil and gas sector keeps pace with the times, overcomes existing challenges.

Economy

Enterprises take advantage of FTAs to increase exports

In order to maintain production and business and create jobs for workers, export enterprises in the southern coastal province of Bà Rịa-Vũng Tàu are trying to find new orders, take advantage of free trade agreements (FTAs) in effect, and wait for a chance to recover in major markets.

Economy

Việt Nam and Japan: A Prosperous Trade Bond

With a dynamic trade landscape and growing investments, Tạ Đức Minh, Trade Counsellor of Việt Nam in Japan emphasised the immense potential for cooperation between the two nations.

Economy

Trà Vinh seeks to build brands of two fruit specialties

The building of brands will help consumers trust and prioritize choosing these products. These specialties are expanding the consumption market, increasing profits for farmers, and thus improving production efficiency.

Economy

ETFs report strongest monthly net withdrawal value in August

In the first eight months of 2023, cash flow into ETFs investing in Vietnamese stocks reached more than VNĐ2.8 trillion.

Economy

Residential property for digital nomads could be a potential segment

Residential property and office for digital nomads could be a potential segment for the real estate market amid the increasing trend of work from roam, providing significant opportunities for developers to capitalize on.

Economy

Borrowers benefit from new lending policy

Borrowers now can seek loans from different banks to prepay their existing loans.

Economy

Bayer ForwardFarm creates collaborative platform to enhance agriculture value

Leveraging the global ForwardFarming network, Bayer has created a platform for various stakeholders across the agricultural value chain to advance best farming practices in Việt Nam.