23:10 | 07/10/2019

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.


Hoa Phat Group exported 191,600 tonnes of steel products in the first nine months of 2019 (Photo: VNA)

The conglomerate said during the period, it produced nearly 2 million tonnes of construction steel, up 16.1 percent from a year earlier.

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

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

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

VNA

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