Hoa Phat’s steel pipe sales up 8.6 percent in Jan-Feb
Leading steel manufacturer Hoa Phat Group sold over 93,200 tonnes of steel pipes in the first two months of 2021, a year-on-year increase of 8.6 percent and giving it the leading market share in Vietnam.
Hanoi (VNA) - Leading steel manufacturer Hoa Phat Group sold over 93,200 tonnes of steel pipes in the first two months of 2021, a year-on-year increaseof 8.6 percent and giving it the leading market share in Vietnam.
According to the group, the price of steel pipe products on the domestic and foreignmarkets has also increased strongly.
Hoa Phat posted solid growth in steel sales in all three regions in the firsttwo months, especially in the central and Central Highlands regions, with respectivegrowth rates of 29 percent and 25 percent. Sales in the north accounted for 45 percentof its total.
High-quality steel pipe products from Hoa Phat were exported to the US, Australia,Canada, and Hong Kong (China) during February.
In addition to finished steel pipes, the Hoa Phat Steel Pipe Co., a subsidiary of the Hoa Phat Group, also provided 10,000tonnes of galvanised steel coil, which is the material used for producing steelpipes, purlin, mechanical accessories, and railings.
The Hoa Phat Steel Sheet Co., meanwhile, also recorded impressive sales growthof over 42,000 tonnes in the first two months, a 91 percent rise over the same periodlast year.
The company signed contracts to export corrugated steel products to Europe, theUS, and Canada.
Hoa Phat expects to sell 920,000 tonnes of steel pipe and 330,000 tonnes of corrugatedsteel products in 2021, up 12 percent and 200 percent against 2020./.
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Illustrative image (Photo: tinnhanhchungkhoan.vn)) 
