Hoa Phat Hung Yen Steel Co., Ltd – a subsidiary of Vietnam's leading steel manufacturer Hoa Phat Group - has signed a number contracts to export high-quality rolled steel branded SAE to African markets, marking its success in opening new export markets.
Steel maker Hoa Phat has signed a contract to sell 120,000 tonnes of steel billets, worth over VND1 trillion (nearly US$43 million), to China’s firm Hangzhou CIEC Group Co., Ltd.
Fish sauce magnate Nguyen Dang Quang and steel tycoon Tran Dinh Long have reappeared on Forbes' list of billionaires.
Hoa Phat Group, the largest steel maker in the country, exported over 40,000 tonnes of construction steel in February, almost tripling that of the same period last year.
VOV.VN - Amid the gloomy global market, the domestic steel market suffered a downward trend during January in terms of both steel production and sales, with respective figures of 22.3 per cent and 31 per cent over the same period last year.
Hoa Phat Group exported more than 265,000 tonnes of construction steel in 2019, up 11.3 percent year on year, the multi-sectoral conglomerate reported.
Hoa Phat Group, the largest steel maker in the country, said it provided more than 2.77 million tonnes of high-quality construction steel to the market in 2019, a year-on-year surge of 16.8 percent.
The Hoa Phat Group said its subsidiary - Hoa Phat Steel Pipe Co., Ltd - exported 17,000 tonnes of steel pipe in the first 11 months of 2019, a year-on-year increase of 22.3 percent.
Vietnam’s leading steel maker – Hoa Phat Group – and Kyoei Steel Group of Japan shared the wish for long-term cooperation in steel billet and scrap steel supply.
The Ministry of Finance has postponed its plan of increasing the most-favoured nation (MFN) tariff on imported hot rolled steel coil (HRC) from zero percent to 5 percent after collecting opinions from businesses and experts.
Leading steelmaker Hoa Phat shipped abroad 165,000 tonnes of construction steel in the first eight months of this year, up 38 percent year-on-year, according to the group.
VOV.VN - Hung Yen has worked to improve the business environment and provincial competitiveness, encourage innovative startups, and attract FDI in high-tech tourism preservation and processing of agricultural produce.
Hoa Phat Group, the nation’s largest steel producer, has announced that it churned out nearly 250,000 tonnes of construction steel in January, up 27 percent year-on-year and equivalent to the record-breaking figures of October 2018.
Prime Minister Nguyen Xuan Phuc asked the northern province of Hung Yen to continue creating a better investment environment and developing strongly industrial, service and urban zones during his Lunar New Year (Tet) visit to the province on January 26.
Steelmaker Hoa Phat set new records in sales and exports after the group sold 250,000 tonnes of construction steel in October, with 40,000 tonnes shipped abroad.
Hoa Phat Group has announced that it churned out 179,400 tonnes of construction steel in August, 9,500 tonnes of which were for export.
Hoa Phat has posted revenue and post-tax profit gains of nearly VND27.6 trillion (over US$1.19 billion) and over VND4.4 trillion (US$190 million) in the first half of 2018, representing rises of 30% and 27% from the same period last year, respectively.
The Hoa Phat Group is scheduled to ship 6,500 tonnes of steel to Australia in May, the highest-ever export volume to the market in a month.
The process of the Hoa Phat Dung Quat iron and steel production complex project is on schedule with the first line expected to be operational in the third quarter of this year, meeting demands of the central and southern regions.
Hoa Phat Equipment & Accessories Co., Ltd, a subsidiary of the leading Vietnamese steel maker Hoa Phat Group (HPG), sold 3,000 tonnes of wire drawing steel in the domestic and foreign markets, namely the Republic of Korea (RoK) and Laos, in the first quarter of 2018.