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Apr.29.2024 1USD=7.1066RMB
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Vietnam Hoa Phat’s Steel Sales down by 10% from January to November y-o-y

https://en.steelhome.com [SteelHome] 2023-12-11 17:08:32

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Sales volume of steel products reached 5.96 million tons in the 11-month period, down 10 per cent over the same period last year.

Of which, construction steel and high quality steel reached 3.3 million tons, down 15 per cent compared to the first 11 months of 2022. Export activities of these types of steel contributed 695,000 tons, down 37 per cent to the corresponding period last year. Steel billets supplied to the domestic and export markets were 109,000 tons.

Sales volume of HRC product recorded over 2.5 million tons, an increase of 2 per cent over the same period last year. HRC downstream product - galvanized steel sheets reached 304,000 tons, posting 2 per cent year-on-year increase. Meanwhile, 616,000 tons of steel pipe products were sold in the first 11 months of the year, down 11 per cent compared to the first 11 months of 2022.

In the first 11 months of the year, Hoa Phat Group produced more than 6 million tons of crude steel, posting 14 per cent year-on-year decrease.

Source: Hoa Phat Group
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