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Hoa Phat’s construction steel exports up 17 percent in April

• Monday, May 18, 2020
• Source:ferro-alloys.com

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• Keywords:Hoa Phat construction steel export

[Ferro-Alloys.com] Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.

 

It also shipped abroad 180,000 tonnes of steel billets in the month, mainly to China.

 

The figures have viewed as positive given that many localities have restricted construction activities due to social distancing requirements amid the COVID-19 pandemic.

 

Notably, April steel sales in the southern region hit nearly 56,000 tonnes, up 67.1 percent.

 

Hoa Phat’s exports of finished steel products in the month increased by 16.9 percent year-on-year, with key importers being Japan, Canada, Malaysia, Indonesia and Taiwan (China).

 

In the first four months of 2020, Hoa Phat supplied over 530,000 tonnes of steel billets to domestic and foreign markets. Meanwhile, its sales of construction steel in the period hit over 1 million tonnes, up 7 percent against the same period last year./.VNA

 

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