Hoa Phat’s September steel exports double

Hanoi (VNA) – Hoa Phat Steel said it shipped 62,700 tonnes of finished steel abroad in September, doubling the figure a year ago.

During the month, the group posted record sales of 522,000 tonnes, including 352,000 tonnes of finished steel and 170,000 tonnes of steel billet. The finished steel consumption rose by 82,3 percent from the same period last year.

Hoa Phat steel sales in the first nine months of the year reached more than 4 million tonnes, two times higher than the corresponding period last year. The figure included nearly 2.5 million tonnes of finished steel, while the remaining was steel billet and hot-rolled coil (HRC).

The finished steel sales posted a 27 percent year-on-year increase. Hoa Phat steel continued to take the lead in the market with over 32 percent.

The group's steel sales in the southern region reached around 600,000 tonnes in the January-September period, doubling the figure in the same period last year. Hoa Phat construction steel products have been used at many public investment projects and constructions such as south of Trung Luong-My Thuan Expressway, Song Hau 1 Thermal Power (Hau Giang), GemaLink International Port (Cai Mep - Vung Tau), hospital projects, wind and solar power plants.

Hoa Phat exported more than 370,000 tonnes of construction steel in the first nine months of the year, representing 95 per year-on-year rise. Its major import markets include Japan, the Republic of Korea, Malaysia, Australia, Canada, Thailand, Cambodia and Laos.

The total volume of Hoa Phat’s steel billet exported under the signed contracts reached 1,25 million tonnes./.