Vietnam-based steelmaker Hoa Phat Group has announced that its total output of drawn steel wire and pre-stressed concrete steel strand (PC strand) in the January-July period this year reached nearly 82,000 mt, up by 53 percent year on year. The company’s revenue from the sales of the given products reached about VND 1.5 trillion ($65.49 million), more than two times higher than the same period last year.
The export volume of the products reached 28,761 mt, accounting for the 35 percent of the company’s total steel sales. The main export markets include the US, South Korea, Canada, Taiwan, Laos and Cambodia.
According to the company’s statement, Hoa Phat plans to put the PC strand line No.2 into operation in 2022.