Keyword: "Hoa Phat Group"

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

Prime Minister Pham Minh Chinh said Hoa Phat Group plays a key role in the development of the domestic steel industry and the broader industrialisation and modernisation efforts of the country.

As the National Assembly is deliberating the landmark North-South high-speed railway project, domestic enterprises are stepping forward with bold commitments to contribute to the 67.34-billion USD project.

The third quarter financial reports from various steel companies showed a clear divergence. While some producers like Hoa Phat Group and Thong Nhat Flat Steel JSC witnessed profit resurgence, others faced ongoing losses.

Hoa Phat Group has announced that its subsidiary Hoa Phat Refrigeration Company exported the first batch of Double Inverter two-door top-freezer refrigerators, with a capacity of 286 liters, to the US.

Steel giant Hoa Phat Group on July 29 signed a contract to supply 2,000 20DC containers to Hapag-Lloyd - the largest container shipping company in Germany and one of the top 5 container shipping companies in the world.

Steel giant Hoa Phat Group said it has delivered the first batch of 500 40ft high cube container to US-based SeaCube Container Leasing – one of the world’s leading purchasers and lessors of refrigerated containers.

Vietnamese steel giant Hoa Phat Group has announced that BSI - the UK's leading international certification organisation - certified ISO 14064-1:2018 standard and ISO 14067:2018 on greenhouse gas inventory for steel products of its subsidiary - Hoa Phat Dung Quat Steel JSC.

The Vietnamese steel giant Hoa Phat Group saw 32% rise in sales volume of steel products in the first two months of this year, the firm reported.

Vietnam’s leading steelmaker Hoa Phat Group posted an after-tax profit of 2.97 trillion VND in the fourth quarter of 2023, up 249% compared to the same period of 2022 and 48% quarter-on-quarter.

With bright signs seen in the last months of 2023, many experts predicted that the domestic steel sector can recover in 2024.

Many of the world’s leading shipping companies joining Intermodal Europe in Amsterdam, Netherlands, have expressed their interest in containers produced by Vietnam’s Hoa Phat Group.

Although the demand for building steel rose by more than 26% in May compared to the previous month, steel prices decreased for the 10th month, and steelmakers expected the struggle to continue.

The leading steel manufacturer Hoa Phat Group sold nearly 457,000 tonnes of steel in April, of which the volume of hot-rolled coil product reached 239,000 tonnes, the highest since the beginning of the year.

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy, said Vice Chairman of the Vietnam Steel Association (VSA) Doan Danh Tuan.

The Vietnam Report JSC on March 24 announced top 10 construction material companies of Vietnam in 2023.

Vietnamese steel giant Hoa Phat Group reported that weakening demand has led to sluggish sales of its products since early this year.

Stakeholders are calling for a new decision-making mechanism for State-owned enterprises to allow them to operate more independently and sustainably.

Steel companies witnessed hardships in the fourth quarter of 2022 with many big players suffering losses.

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.