Monday, September 21 2020

VietNamNews

Hòa Phát steel sales surge in July

Update: August, 05/2020 - 10:00

 

A Hòa Phát steel plant. — Photo courtesy of the company

HÀ NỘI — Leading steel manufacturer Hòa Phát Group sold 300,000 tonnes of construction steel in July, up 19 per cent from June and 27.5 per cent year-on-year.

According to the firm, last month it exported 53,500 tonnes of steel, double the volume in the same period last year.

Sales in the southern region rose two times year-on-year to 75,000 tonnes, mostly thanks to civil construction works. The launching of public infrastructure projects also helped push Hòa Phát’s steel sales up.

In the first seven months of 2020, Hòa Phát supplied 1.81 million tonnes of construction steel 
to the market, up 14.5 per cent year on year, including 256,500 tonnes shipped to foreign markets, up 73.3 per cent and equivalent to the total export volume in 2019.

Major export markets of Hòa Phát steel include Japan, South Korea, Laos, Malaysia, Australia, Canada, Thailand and Cambodia.

Along with ready-to-use steel, Hòa Phát also sold 1 million tonnes of steel billets for construction steel production in seven months, including 169,000 tonnes in July alone.

The completion of Hòa Phát Dung Quất port made great contributions to the transport of Hòa Phát steel, promoting its sales. Recently, the port received a 176,000 tonne capsize vessel, the biggest of its kind it had ever served. — VNS

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