Illustrative image (Source: VNA) Hanoi (VNA) – Hoa Phat Group has announced thatit churned out 179,400 tonnes of construction steel in August, 9,500 tonnes ofwhich were for export.
Its export volume rose by 63 percent year-on-year.
In the eight months of this year, Hoa Phat manufactured1.473 million tonnes of steel, up nearly 10 percent annually.
Consumption in the central region and Central Highlandsposted the highest growth of nearly 18 percent. Meanwhile, the traditionalmarket in the north bought over 1 million tonnes during the period, up 8.9percent year-on-year.
Its traditional foreign markets include Australia, Cambodia,the US and Malaysia while Canada is a new one.
From January-August, Hoa Phat Group exported nearly 119,000tonnes, mostly steel and rolled steels SAE1008, SAE1015, SWRM17.
According to the Vietnam Steel Association, sales ofconstruction steel in August often decrease due to prolonging rains that slowthe progress of construction works.
A representative from Hoa Phat said between now and the year’send, the group will enhance production at its iron and steel complex in the northernprovince of Hai Duong and will soon put into an operation the first steel laminatingline at its Dung Quat complex, towards increasing sales in the central and thesouth as well as exports.
Production at the complex in Hai Duong has risen by nearly18,000 tonnes per month from the beginning of this year. Together with thefirst products at Dung Quat complex in the fourth quarter, Hoa Phat is expectedto surpass its plan of selling 2.3 million tonnes this year.-VNA
Its export volume rose by 63 percent year-on-year.
In the eight months of this year, Hoa Phat manufactured1.473 million tonnes of steel, up nearly 10 percent annually.
Consumption in the central region and Central Highlandsposted the highest growth of nearly 18 percent. Meanwhile, the traditionalmarket in the north bought over 1 million tonnes during the period, up 8.9percent year-on-year.
Its traditional foreign markets include Australia, Cambodia,the US and Malaysia while Canada is a new one.
From January-August, Hoa Phat Group exported nearly 119,000tonnes, mostly steel and rolled steels SAE1008, SAE1015, SWRM17.
According to the Vietnam Steel Association, sales ofconstruction steel in August often decrease due to prolonging rains that slowthe progress of construction works.
A representative from Hoa Phat said between now and the year’send, the group will enhance production at its iron and steel complex in the northernprovince of Hai Duong and will soon put into an operation the first steel laminatingline at its Dung Quat complex, towards increasing sales in the central and thesouth as well as exports.
Production at the complex in Hai Duong has risen by nearly18,000 tonnes per month from the beginning of this year. Together with thefirst products at Dung Quat complex in the fourth quarter, Hoa Phat is expectedto surpass its plan of selling 2.3 million tonnes this year.-VNA
VNA
