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Hoa Phat Entry to Change Vietnam’s Domestic Steel Market Structure

Steel News - Published on Tue, 10 Dec 2019

Image Source: Hoa Phat Dung Quat
KIS Vietnam Securities Corporation said that Hoa Pha Group’s Dung Quat project will increase steel supply, leading to change market shares of steel firms on the Vietnam’s domestic market creating increased competition among rival steel providers. According to KIS's estimates, Hòa Phát will supply 3.88 million tonnes of steel by 2020, leading to its market share at 35 per cent.

A similar situation will happen for flat steel products in the second phase when the Dung Quat project markets its hot-rolled coil steel. When the second phase is completed midway through next year, it has a capacity of 2 million tonnes of HRC per year.

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Posted By : Arun Huidrom on Tue, 10 Dec 2019
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