Posted on 07 Jul 2023
The largest steel manufacturer in Vietnam, Hoa Phat Group, reported that crude steel production in June was about 520,000 tons, down by 23% from the same month a year ago.
Meanwhile, the sales volume of construction steel, billet, and hot-rolled coil (HRC) reached 540,000 tons, a year-on-year decrease of 4%.
In the first six months of 2023, Hoa Phat produced around 2.86 million tons of crude steel, a 34% decrease from the same period of the previous year. Construction steel, billet, and HRC sales totaled 2.9 million tons, a 27% decrease from the first six months of 2022.
In the first half year, Hoa Phat's construction steel production decreased by 30% year on year to more than 1.6 million tons.
Source:Yieh
