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06 Sep 2019, Gergana Bencheva, EMIS Editor

Vietnam’s Hoa Phat sees steel exports jump 38% y/y in Jan-Aug

Vietnam’s steelmaker Hoa Phat saw its exports jump by 38% on an annual basis to 165,000 tonnes between January and August 2019, Vian Industry News reported. Also, its construction steel production over the reported period grew by over 20% on the year to 1.77 million tonnes.

In August alone, Hoa Phat’s production rose by 7.6% on the year to 193,000 tonnes. Exports almost doubled to nearly 18,000 tonnes.

Currently, the group has a leading position on the local market with a share of 25%. For full 2019, it plans to produce a total of four million tonnes of construction steel, Vian Industry News added.

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Original source: Vian Industry News