General

The sales of Vietnam and the first five months of the steel group rose by 70% year-on-year.

It is reported that January to May, Vietnam’s largest steel manufacturer – and the HOA PHAT were sold a total of 3.7 million tons of steel products, up 70% compared with the same period in 2020. January to May, HOA PHAT construction steel sales volume is 1.6 million tons, up 27.5% year-on-year; the sales volume of steel billet is 5.76 million tons, which is basically the same as 2020. From January to May, HOA PHAT has a total of 3.4 million tons, an increase of 56.5% year-on-year; the production of steel pipes 334,000 tons, an increase of 21% year-on-year. In the same period, HOA PHAT also produced 1.1 million tons of hot rolled coat and 123,000 tons of coating plates. In May, HOA PHAT sells 695,000 tons of steel products. Among them, construction steel sales have been 324,000 tons, a year-on-year increase of 25%; hot rolling volume is 225,000 tons. During this time, HOA PHAT has exported 70,000 tons of construction steel and 52,000 tons of billet. Despite the rise in raw materials in May, the sales volume of HOA PHAT has increased by 45% in the central region of Vietnam, and the sales volume of construction steel in the southern Vietnam has increased by 22%. HOA PHAT current production capacity is 8 million tons / year. In 2021, the company plans to produce 5 million tons of construction steel and billet, 2.7 million tons of hot rolled coatings, 920,000 tons of steel pipes and 300,000 tons of coating plates.