Tuesday, September 29 2020

VietNamNews

Hòa Phát steel pipe export posted 16% increase

Update: August, 11/2020 - 14:42

 

Hòa Phát steel sheet has its first export order of more than 10,000 tonnes to the Thai market. — Photo courtesy of the group

HÀ NỘI — Despite the impact of the second outbreak of the COVID-19 pandemic, Hòa Phát still sold 422,300 tonnes of steel pipes in the first seven months of the year.

Of which, its export volume of the products rose by 16 per cent from the same period last year to 10,800 tonnes in the period. Its importers included the US, Canada, Australia, Mexico and Southeast Asia.

In July alone, Hòa Phát Steel Pipe Company Limited provided 75,200 tonnes of steel pipes to the local market, a 7 per cent year-on-year increase. The northern region had the highest growth rate with 18 per cent, following by the southern region with 9.3 per cent. Hòa Phát steel pipes continued to lead the industry with a market share of 32 per cent.

According to Việt Nam Steel Association (VSA), steel pipe export volume in the first half of the year of its member companies fell by 17.3 per cent from the corresponding period last year. However, Hòa Phát steel pipes still had positive results thank to diversified markets and flexible sale policies.

The company has paid attention to investing in improving product quality and introducing new products, especially large pipes with super large diameters. The products have been used for projects across the country.

The products have affirmed the position and stature of Hòa Phát Steel Pipe Company and contributed to the increase in its sales volume in the first seven months of 2020.

Hòa Phát Steel Sheet Company Ltd also achieved positive results. Its popular products saw increased market coverage and were highly appreciated by customers. The premium diamond sheet and panel steel products have been initially welcomed by projects.

Hòa Phát's steel sheet unit also recorded positive results with its first export order of more than 10,000 tonnes to the Thai market. — VNS

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