Wednesday, April 24,2024 - 3:35 GMT+7  Việt Nam EngLish 

Hoa Phat (HPG) sold 3.46 million tons of steel products, down 23% in the first 7 months of 2023 

 Tuesday, August 22,2023

AsemconnectVietnam - In July 2023, Hoa Phat Group (code HPG) produced 633,000 tons of crude steel, up 22% compared to June. Sales volume of construction steel, hot rolled coil (HRC) and billet reached 555,000 tons, up 3% from the previous month.

In which, Hoa Phat's HRC recorded 291,000 tons, the highest since the beginning of the year and up 16% compared to June 2023.
The high output of hot rolled coil in the past month was thanks to the positive signal of HRC demand in the market, especially in the export market. The Group has exported HRC steel to many countries in Europe and Asia.
With construction steel products, Hoa Phat sold 261,000 tons, down 9% compared to June, mainly due to weak demand and unfavorable weather conditions for construction activities.
Besides the above steels, Hoa Phat Group also provides many post-steel products such as steel pipes, galvanized steel, and prestressed steel. In July, Hoa Phat Steel Pipe achieved an output of 74,000 tons, up 22% over the same period. Galvanized steel sheet of all kinds recorded 32,000 tons, up 81% compared to July 2022.
Accumulated in the first 7 months of the year, Hoa Phat Group produced nearly 3.5 million tons of crude steel, down 30% compared to the same period in 2022. Sales of steel products reached 3.46 million tons, down 23% compared to the same period last year.
After 7 months, Hoa Phat construction steel supplied the market with 1.9 million tons, down 30% compared to the same period last year. HRC steel recorded 1.5 million tons, down 4% compared to the first 7 months of 2022.
HRC downstream products, Hoa Phat steel pipe reached 399,000 tons, down 9% compared to the first 7 months of 2022. Meanwhile, coated steel sheet reached 207,000 tons, up 5% over the same period last year.
Source: VITIC/Tinnhanhchungkhoan


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