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Hoa Phat Steel Pipe Exports in Jan-Jul Surge by 16% YoY

Steel News - Published on Wed, 12 Aug 2020

Image Source: Hoa Phat Steel Pipe Exports
VNA reported that despite the impacts of the COVID-19 pandemic, steel maker Hoa Phat still sold 422,300 tonnes of steel pipes in the first seven months of the year.Of which, its export volume of the products rose by 16 percent from the same period last year to 10,800 tonnes in the period. Its importers included the US, Canada, Australia, Mexico and Southeast Asia.

In July alone, Hoa Phat Steel Pipe Company Limited, a subsidiary of the Hoa Phat Group, provided 75,200 tonnes of steel pipes to the local market, a 7 percent year-on-year increase. The northern region had the highest growth rate with 18 percent, following by the southern region with 9.3 percent. Hoa Phat steel pipes continued to lead the industry with a market share of 32 percent.

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Posted By : Yogender Pancholi on Wed, 12 Aug 2020
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