Hoa Phat posts 32-percent rise in steel export volume

Leading steelmaker Hoa Phat posts 32-percent rise in steel export volume

Hoa Phat Group, a leading steel maker in Vietnam, shipped 191,600 tonnes of steel products aboard in the first nine months of 2019, rising 32 percent year on year and accounting for nearly 10 percent of its total sales.
Leading steelmaker Hoa Phat posts 32-percent rise in steel export volume ảnh 1Hoa Phat Group exported 191,600 tonnes of steel products in the first nine months of 2019 (Photo: VNA)

Hanoi (VNA) – Hoa Phat Group, a leading steelmaker in Vietnam, shipped 191,600 tonnes of steel products aboard in the firstnine months of 2019, rising 32 percent year on year and accounting for nearly10 percent of its total sales.

The conglomerate said during the period, itproduced nearly 2 million tonnes of construction steel, up 16.1 percent from ayear earlier.

In September, it turned out more than 193,000tonnes of construction steel, equivalent to the output in the previous month.

Aside from complete products, the firm alsosupplies steel billets for domestic factories. It manufactured 2 million tonnesof steel billets by the end of September.

Hoa Phat targets an output of 2.7 million tonnesof construction steel this year./.
VNA

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