For the whole year of 2023, Hoa Phat Group produced 6.7 million tons of crude steel, decreasing 10 per cent compared to 2022. Sales volume of HRC steel products, construction steel, high quality steel and steel billet reached 6.72 million tons, representing 7 per cent year-on-year decrease.
Of which, construction steel and high quality steel reached 3.78 million tons, down 11 per cent over the same period last year. HRC hot-rolled steel coil recorded nearly 2.8 million tons, an increase of 6 per cent compared to 2022. At the end of the year, Hoa Phat supplied 685,000 tons of steel pipes, posting 9 per cent year-on-year decrease. Galvanized steel sheets of all types achieved similar results, equivalent to the previous year with volume of 329,000 tons.
The group currently has a crude steel capacity of 8.5 million tons per year, the largest in Vietnam and Southeast Asia. Hoa Phat leads the market share in Vietnam in construction steel, steel pipes, Top 5 largest manufacturers of galvanized steel sheets, and is the only Vietnamese enterprise that can produce HRC steel, pre-stressed steel cables and many types of other high quality steel.
Source: Hoa Phat Group
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