Steel producer’s exports double in September
Vietnam’s largest steelmaker Hoa Phat Group has said its steel exports in September doubled compared to the previous month, hitting a record high of nearly 50,000 tonnes.
Its major markets included the US, European and Southeast Asian nations.
In the first nine months of 2021, Hoa Phat shipped over 273,000 tonnes of galvanised steel sheet abroad, rising 2.6-fold against the same period last year. The amount made up 64% of the total steel sheets sold in the period.
Hoa Phat was among the five largest steel sheet producers of Vietnam, holding about 6.5% in the market.
This year, its affiliate Hoa Phat Steel Sheet Company has bolstered exports to expand its coverage in world’s leading consumption markets, including the US, Mexico, European nations and the UK, especially ones with stringent origin tracing requirements.
