Construction steel at a factory of Hoa Phat in Hai Duong province (Photo: VNA)
Hanoi (VNA) – Hoa Phat Steel said it shipped 62,700tonnes of finished steel abroad in September, doubling the figure a year ago.
During the month, the group posted record sales of 522,000tonnes, including 352,000 tonnes of finished steel and 170,000 tonnes of steelbillet. The finished steel consumption rose by 82,3 percent from the sameperiod last year.
Hoa Phat steel sales in the first nine months of the year reached more than 4million tonnes, two times higher than the corresponding period last year. Thefigure included nearly 2.5 million tonnes of finished steel, while the remainingwas steel billet and hot-rolled coil (HRC).
The finished steel sales posted a 27 percent year-on-year increase. Hoa Phat steelcontinued to take the lead in the market with over 32 percent.
The group's steel sales in the southern region reached around 600,000 tonnes in theJanuary-September period, doubling the figure in the same period last year. HoaPhat construction steel products have been used at many public investmentprojects and constructions such as south of Trung Luong-My Thuan Expressway,Song Hau 1 Thermal Power (Hau Giang), GemaLink International Port (Cai Mep -Vung Tau), hospital projects, wind and solar power plants.
Hoa Phat exported more than 370,000 tonnes of construction steel in the first ninemonths of the year, representing 95 per year-on-year rise. Its major importmarkets include Japan, the Republic of Korea, Malaysia, Australia, Canada,Thailand, Cambodia and Laos.
The total volume of Hoa Phat’s steel billet exported under the signed contractsreached 1,25 million tonnes./.
Hoa Phat Group sold nearly 500,000 tonnes of products in August, including over 320,000 tonnes of steel and 170,000 tonnes of billets despite COVID-19 pandemic.
The Hoa Phat Dung Quat Steel Joint Stock Company shipped the first batch of S95 ground granulated blast furnace slag to Australia on September 10, where stern standards and stringent requirements are applied.
Construction steel sales are predicted to recover in the remaining months of 2020 after a fall in the January-August period due to impacts from the COVID-19 pandemic, according to the Vietnam Steel Association (VSA).
The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC).
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Construction steel at a factory of Hoa Phat in Hai Duong province (Photo: VNA) 
