Monday, August 15, 2022 4:48:30 PM - Markets open
VN-INDEX 1,274.20 +11.87/+0.94%
HNX-INDEX 303.97 +0.55/+0.18%
UPCOM-INDEX 92.64 -0.20/-0.22%
HPG: Hoa Phat Group’s steel output surpasses 5 million tonnes for first time
VietNam+ - 1/8/2021 4:03:35 PM
 (0 ratings. You must sign in to rate.)
The steel output of Hoa Phat Group, Vietnam’s leading steel producer, exceeded the 5-million-tonne benchmark for the first time in 2020.
Of the total output, construction steel reached 3.4 million tonnes, up 22.5 percent year-on-year, while steel billets hit 1.7 million tonnes, and hot rolled coil (HRC) was nearly 700,000 tonnes.
With these figures, Hoa Phat maintained its top position in Vietnam, accounting for 33 percent of the market share, up 6.8 percent year-on-year.
With an output of 784,000 tonnes for the whole year, the southern region recorded a remarkable growth of 70 percent compared to that of the previous year. Meanwhile, the northern region contributed the largest share, with 48 percent of the total finished products sold by Hoa Phat.
Last year, Hoa Phat exported nearly 540,000 tonnes of finished products, doubling against 2019. The group’s main importers include Japan, the Republic of Korea, Canada, Australia, Cambodia, Laos and Malaysia.
In addition, the group also shipped 1.7 million tonnes of square billet for the production of construction steel to Thailand, China, Malaysia, Indonesia and Sri Lanka. Particularly, the export of steel billets to China was 12 times higher than that in 2019.
The number of orders for Hoa Phat’s HRC products has exceeded 300 percent of its production capacity. The HRC output at Hoa Phat Dung Quat Iron and Steel Production Complex in 2020 reached nearly 700,000 tonnes. The group sets a target of 2.7 million tonnes of HRC this year./.
Read original article here
Newer News
18/11 TAR: Can Tho company to export 15,000 tonnes of rice to RoK​
09/11 French expert pins high hope on foreign companies’ prospects in Vietnam
15/10 FLC: Bamboo Airways opens Hà Nội-Điện Biên route
08/09 HAG: shares continue to trade under supervision of HoSE
16/08 VPB: VPBank's charter capital to reach $3.3 billion by 2022
15/07 HVN: Vietnam Airlines to raise over $346 million through share issuance
08/07 GVR: Rubber group looks to boost industrial zone development
07/07 GVR: Looks to boost industrial zone development
07/07 HVN: Vietnam Airlines signs 173.7-mln-USD credit deal with three banks
05/07 HVN: Vietnam Airlines, SeABank sign 2-trillion-VND credit contract
Older News
19/12 ACV to invest more than $4.3 billion in Long Thành Int’l Airport
19/11 BDC: Nghị quyết Đại hội đồng cổ đông bất thường năm 2019
20/05 KDH: House to issue 130 million shares for dividend and bonus payments
Newsletter Signup
Top Stories
REE: HSBC arranges VND900 billion bilateral green loan to REE Corporation
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
Shares to move up after testing supply and demand
Việt Nam in the headwinds of global rate hikes and inflation
Shares pierce May-bottom on weak investor sentiment
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,274.20 +11.87/+0.94%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.