Hoa Sen Group shipped 15,000 tonnes of steel sheets worth 12 million USD to Mexico from Nghi Son port in the central province of Nghe An on April 22.

 

This is the largest batch of plated steel destined for the American country after the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP) came into effect.

 

The group said that in the context of unpredictable price fluctuations of hot rolled steel exerting immense pressure on the steel industry in recent times, Hoa Sen has adopted various measures to develop both domestic and foreign markets. 

 

In the 2017-2018 fiscal year, Hoa Sen raked in 538 million USD from exports, up 27 percent from the previous fiscal year. Its products have been present in more than 75 countries and territories so far. Additionally, the corporation is targeting exports to several markets with high standards, like the Americas, Europe, and Africa.

 

Some 60,000 tonnes of Hoa Sen-branded products are sent overseas each month, most of them to CPTPP member states, particularly Australia, Mexico, Canada, and Malaysia. 

 

The same day, the Hoa Sen Nghe An plant signed a 200 billion VND credit contract with the Ho Chi Minh City Development Joint Stock Commercial Bank (HD Bank) to promote the development of the facility.–VNA