Business

Hoa Phat’s steel sales reached 600,000 tonnes in July

Hoa Phat Group's steel output in July reached 700,000 tonnes, up 70 percent from the same period last year.
Hoa Phat’s steel sales reached 600,000 tonnes in July ảnh 1Illustrative image (Source:tinnhanhchungkhoan.vn)
Hanoi (VNA) - Hoa Phat Group's steel output in July reached 700,000 tonnes,up 70 percent from the same period last year.

Itssteel sales during this period were 600,000 tonnes. Of which, constructionsteel was up 58 percent from previous months and 21 percent from the sameperiod last year to 363,000 tonnes. Sales of hot-rolled coil (HRC) steel were 160,000tonnes and the remaining was steel pipe and galvanised steel.

Althoughmany localities have implemented social distancing, Hoa Phat’s constructionsteel still achieved a positive output. Key public investment projects such asroads, bridges, hospitals, and airports continued to be constructed. Its steelsales posted 50 percent and 21 percent year-on-year increases in the northernand the central regions respectively.

Inthe first seven months of the year, the group produced nearly 4.8 milliontonnes of crude steel, up 58 percent over the corresponding period in 2020. Thesales volume of steel products reached 4.9 million tonnes, representing a 64 percentyear-on-year hike. In which, construction steel was 2.2 million tonnes, up 46 percent,and HRC reached nearly 1.5 million tonnes.

ForHRC downstream products, Hoa Phat Steel Pipe Company sold 419,000 tonnes,equivalent to the same period last year. Its galvanised steel products recordedthe best growth, reaching 188,000 tonnes, 2.7 times higher than in the sameperiod last year.

HoaPhat is the largest steel producer in Vietnam with a crude steel output of 8million tonnes a year. Currently, its factories are operating as normal.Offices in Hanoi and Ho Chi Minh City have arranged to work online and at homeas much as possible, strictly implementing 5K as recommended by the Ministry ofHealth./.
VNA
#Hoa Phat Group #hot-rolled coil (HRC) steel #steel sales #Hoa Phat’s construction steel #Vietnam #Vietnam news #Vietnam News Agency
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