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Hoa Phat steel pipe’s H1 sale up by 14.8 pct

Steel News - Published on Fri, 20 Jul 2018

Image Source: T?p ?oàn Hòa Phát
Hòa Phát Steel Pipe Company Limited, a subsidiary of Hòa Phát Group, posted 14.8 % on year sales growth to reach 314,000 tonnes in the first half of the year. Steel export revenue from January-June recorded USD 8.5 million, an increase of 60 per cent from the same period last year. The company sold around 60,000 tonnes of steel pipe in the central region in the first six months, making it the leading source of income in the country.

Mr ?? Hoàng, head of Hòa Phát Group’s representative office in the central city of ?à N?ng, said its key products included construction steel and steel pipe used on big constructions in the region, creating an impetus for the group’s growth in a competitive market. He added that exports to Laos were also positive.

The company has been working on improving quality and expanding current markets while seeking new export markets. Hòa Phát Steel Pipe achieved high growth despite import taxes in the US. Its main export markets include the US, Canada, South Korea, Malaysia, Laos and Cambodia.

The Vi?t Nam Steel Association said in the first half of the year, steel output and sales had seen high growth from the corresponding period last year.

Steel pipe sales of VSA companies reached nearly 1.2 million tonnes, representing a 14.1 % on-year rise. Export volume rose by 40.3 % to 167,000 tonnes.

This proved that US taxes had not had a big impact on the steel sector because it had been able to find new export markets, the VSA said.

Source :

Posted By : Amom Remju on Fri, 20 Jul 2018
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