Hoa Phat’s steel export volume increases 3.5 fold in April

Illustrative photo. (Source: VNA)

Hanoi (VNA) – Steel manufacturer Hoa Phat Group solda total of 869,000 tonnes of steel in April, a surge of 65 percent compared to thesame month last year.

The sales of construction steel rose by over 59 percent againsta year earlier to 428,000 tonnes; some 73,000 tonnes of which were exported, a3.5-fold increase year-on-year.

The surge was partly thanks to the fact that Hoa Phat has entered anew market, Peru, and continued securing orders of large volume from major markets,such as Australia, Japan, Canada and ASEAN nations.

Last month, the steel maker also supplied 212,000 tonnes ofhot-rolled coil (HRC) to the market and shipped 121,000 tonnes of steel billetsoverseas, mostly to China.

In the first four months of 2021, the company sold a totalof 2.66 million tonnes of steel billets, construction steel and HRC. Totalsales of construction steel reached 1.28 million tonnes, up 28 percent year-on-year;its export of finished products hit 220,000 tonnes, up 42 percent.

The firm aims to produce about 5 million tonnes ofconstruction steel and steel billets, 2.7 million tonnes of HRC and 920,000tonnes of steel pipe this year./.

VNA