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Hoa Sen Group exports steel sheets to US

Steel News - Published on Fri, 11 Jan 2019

Image Source: Hoa Sen Group
VNS reported that Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth USD 14 million on Thursday. A company spokesperson said the shipment proves the company’s capacity and global competitiveness since exports to the US and EU have been hit by the trade barriers they have imposed.

Hoa Sen has exported to over 75 nations and territories.

In 2017-18, it produced nearly 1.9 million tonnes of steel worth over VND 34.4 trillion (USD 1.5 billion), up 13% in volume and 32% in value over the previous year. Revenues from domestic sales were worth over VND 22 trillion (USD 964 million), up 34 per cent, and exports fetched USD 538 million, up 27%. Its profit after tax was VND 410 billion (USD 18 million).

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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