Hoa Phat building metal output fell sharply within the peak month of social distancing, whole gross sales quantity nonetheless elevated

In August 2021, Hoa Phat Group achieved crude metal output of 681,000 tons, up 40% over the identical interval. Gross sales quantity of metal merchandise reached 690,000 tons. Through which, building metal reached 268,000 tons, down 17% over the identical interval.

Hoa Phat construction steel output fell sharply in the peak month of social distancing, total sales volume still increased - Photo 1.

Within the context of many localities comparable to Hanoi, Ho Chi Minh Metropolis and southern provinces growing social distancing, gross sales quantity of building metal, Hoa Phat metal pipe decreased over the identical interval.

Hoa Phat stated that Hoa Phat’s factories and metal manufacturing complexes in Hung Yen, Hai Duong and Quang Ngai nonetheless preserve steady operations to make sure the provision of metal for the market. Blast furnaces at Hoa Phat Dung Quat Iron and Metal Manufacturing Advanced are more and more steady, making the biggest contribution to the general output.

Hoa Phat’s whole crude metal capability is presently eight million tons/12 months, of which building metal is 5 million tons, hot-rolled coil is three million tons/12 months.

Hoa Phat construction steel output dropped sharply in the peak month of social distancing, total sales volume still increased - Photo 2.

Within the eight months of 2021, Hoa Phat Group achieved crude metal output of 5.four million tons, up 56% over the identical interval final 12 months.

Gross sales of completed metal merchandise of every kind reached 5.6 million tons, up 47% over the identical interval. Through which, building metal almost 2.5 million tons, up 16%.

Hoa Phat metal pipe merchandise recorded 458,000 tons, equaling 92% over the identical interval. After eight months, Hoa Phat metal sheet reached almost 218,000 tons, 2.four occasions increased than the identical interval in 2020.

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