Hòa Phát construction steel posts sales hike
Hòa Phát is aiming for consumption of 三. 三 million tonnes of construction steel in 二0 一 九. — VNS Photo
HÀ NỘI — Sales of Hòa Phát construction steel in the first month of this year hit 二 五0,000 tonnes, a 二 七 per cent year-on-year rise and equal to record sales in October 二0 一 八.
Hòa Phát Group said steel sales in the central and southern regions accounted for 四 八, 八00 tonnes, with the rest in the northern region.
Its agents were stocking steel for construction after the Tết (Lunar New Year) holiday, it added.
The group’s steel exports also saw high volume of 三 四, 六000 tonnes last month. Of which, the US and Cambodia were the biggest importers with volumes of 一 二,000 tonnes and 一 一, 七 七 二 tonnes, respectively.
Exports of high-quality coil steel wire accounted for 六 六. 四 per cent of the total exported volume, mainly shipped to the US and Japan. The firm’s steel exports to Japan last year were 二0 times higher than that of 二0 一 七.
Hòa Phát is aiming for consumption of 三. 三 million tonnes of construction steel in 二0 一 九 as its second steel rolling line of its Hòa Phát Dung Quất iron and steel production complex is expected to become operational by the end of this year.— VNS
