Hung Nghiep Formosa Ha Tinh took the second spot with output of 1.62 million tonnes, 20 percent lower than Hoa Phat.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.

The project is expected to be built in three years and become operational in 2024.

Nearly 7,000 tonnes of pipes were shipped to the US, Australia, and Canada during the period, a year-on-year rise of 31 percent.

The group has experience in large scale production, material resources and manufacturing. These factors have ensured high quality and reasonable prices for its cargo.

Steel maker Hoa Phat Group will start construction of a cargo container plant in June this year in the southern province of Ba Ria - Vung Tau.

China Baowu and China Zhongwang are the world's largest iron and Steel Group and the world's second largest industrial aluminum extrusion enterprise respectively. The high-level meeting between them is enough to arouse market expectations.

The proportion was 56.8 percent in 2020 and 57.7 percent in 2019.