Vietnam-based steel producer Hoa Phat Group has announced that in August this year its sales volume increased by eight percent month on month and 20 percent year on year to 558,000 mt, including construction steel, steel billet and hot rolled coil. In particular, in the given month the company’s construction steel sales totaled 306,000 mt, the highest since the beginning of the year, up by 18 percent, while its HRC sales totaled 241,000 mt, decreasing by 17 percent, both month on month. Hoa Phat’s galvanized steel and pipe sales in August totaled 12,000 mt and 40,000 mt, down by 63 percent and 45 percent month on month, respectively.
In the January-August period this year, Hoa Phat produced 4.18 million mt of crude steel, down 25 percent year on year. The company’s sales volume in the given period decreased by 22 percent year on year to four million mt, including construction steel, steel billet and hot rolled coil. In the first eight months, the company’s construction steel and HRC sales totaled 2.2 million mt and 1.7 million mt, respectively. The company’s steel pipe and galvanized steel sales in the given period totaled 439,000 mt and 219,000 mt, respectively.
