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.Original source: Vian Industry News