Construction steel for the first time in history recorded 511,000 tons, 7% higher than the peak of 2021.
Hoa Phat Group said that in March, consumption of construction steel, hot rolled coil and billet was 832,000 tons; in which, construction steel for the first time in history recorded 511,000 tons, 7% higher than the peak of 2021.
With hot rolled coil (HRC), Hoa Phat has provided the market with 296,000 tons of hot rolled coil. This is the highest output level since Hoa Phat started supplying HRC to the market from November 2020. The above-mentioned HRC sales volume increased 24% compared to February 2022 and 25% compared to February/February 2020. 2021.
In addition to the above products, Hoa Phat also marketed 78,000 tons of steel pipes and 36,000 tons of galvanized steel of all kinds in March.
In March 2022, crude steel production output was 762,000 tons, up 9% over the same period.
In the first quarter of 2022, Hoa Phat Group produced 2.16 million tons of crude steel, up 8% over the same period. Consumption of finished construction steel, billet and hot rolled coil reached 2.17 million tons, up 12% compared to the first quarter of 2021.
In which, finished construction steel is 1.34 million tons, up 57%. Hoa Phat Group’s hot-rolled coil in the first 3 months of the year reached 763,000 tons, up 15% over the same period in 2021. HRC downstream products such as steel pipes and galvanized steel were 207,000 tons and 105,000 tons, respectively. an increase of 13% and 43% over the same period in 2021.
Hoa Phat Group has a crude steel capacity of 8.5 million tons/year, equivalent to about 700,000 tons/month. The above results show that all of the Group’s production plants are operating at full capacity to serve market demand and optimize the efficiency of the steel production chain.
Hoa Phat is currently operating in 25 provinces in Vietnam and some other countries such as Singapore, Australia, creating jobs and stable income for 28,000 workers; in which, the labor force in the field of iron and steel, related steel products accounted for 88%, mainly local people.
In 2022, Hoa Phat develops the project of Hoa Phat Dung Quat 2 Iron and Steel Production Complex (Quang Ngai), which is expected to recruit about 8,000 more workers, making an important contribution to economic development and social security. local association.
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 0345786803
Email: hrm@tginterjsc.com
Website: http://tginternationaljsc.com
