AsemconnectVietnam - In June 2023, Hoa Phat Group produced 520.00 tons of crude steel, down 23% compared to the same period in 2022. Sales volume of construction steel products, hot rolled coil (HRC), billet reached 540,000 tons, down 4% year-on-year in 2022, but the highest since the beginning of this year.

In which, construction steel recorded 286,000 tons, down 18% compared to June 2022, but increased slightly compared to last May. This result is mainly due to the high growth in sales volume of Hoa Phat construction steel in the Central and Southern regions compared to May, 30% and 69% respectively.
With 251,000 tons, HRC products of Hoa Phat Dung Quat Iron and Steel Production Complex reached the highest level from November 2022 to present and increased 24% compared to June 2022. The increased demand of steel pipe and galvanized steel mills in the North and Central markets has contributed to a significant improvement in hot rolled coil output in the past month.
HRC downstream products including steel pipes and coated steel sheets of Hoa Phat also increased slightly compared to May 2023 and is also the highest level since the beginning of the year. Particularly, steel sheet products increased by 42% over the same period in 2022.
Accumulating 6 months, Hoa Phat Group produced 2.86 million tons of crude steel, down 34% compared to the same period last year. Sales volume of construction steel, billet and HRC reached 2.9 million tons, down 27% compared to the first 6 months of 2022.
Through the first half of the year, the Group's construction steel reached more than 1.6 million tons, down 30%. In addition to finished steel, Hoa Phat has also provided 36,000 tons of steel billets to other steel mills in Vietnam.
HRC steel supplied to domestic and foreign markets was 1.2 million tons, down 15%. Products have been exported to a number of countries and territories in Europe and Asia. Hoa Phat steel pipe and corrugated iron achieved output of 325,000 tons and 175,000 tons, respectively, down slightly compared to the first 6 months of 2022.
In Vietnam, Hoa Phat holds the No. 1 market share in construction steel (32%), steel pipes (27%). Galvanized steel is in the Top 5 largest manufacturers. Hoa Phat is the only Vietnamese enterprise that can produce HRC steel and prestressed steel cables (PC Strand), contributing to reducing dependence on imported steel sources.
N.Nga
Source: VITIC/Tinnhanhchungkhoan