[Ferro-Alloys.com] Vietnam’s leading steelmaker Hoa Phat shipped abroad 165,000 tonnes of construction steel in the first eight months of this year, up 38 percent year-on-year, according to the group.
During the period, it churned out a total of 1.77 million tonnes of construction steel, an increase of more than 20 percent against the corresponding time last year.
In August alone, Hoa Phat produced 193,000 tonnes of construction steel, a year-on-year rise of 7.6 percent, and exported nearly 18,000 tonnes, almost doubling the amount recorded in the same period last year, earning 9.4 million USD.
With these achievements, the group has maintained its leading position in the domestic steel industry with a market share of 25 percent.
Between January and August, Hoa Phat sold 252,883 tonnes of steel to the domestic market, up 2.15 times as compared with the same period of 2018.
Hoa Phat plans to produce some 4 million tonnes of construction steel in 2019.
Last year, it shipped 240,000 tonnes of steel abroad, up 50.97 percent against the previous year. -VNA