9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

Hoa Phat manufactures containers from its own HRC

Vietnam's leading steel producer Hoa Phat Group manufactures containers from its own HRC.

Hoa Phat manufactures containers from its own HRC

Vietnam's leading steelmaker Hoa Phat Group held a ceremony for the first container shipment on August 4. The company delivered 100 of the 20ft containers to New Way Lines Company at the ceremony and placed a new order for 500 of the 20ft containers.

Construction of Hoa Phat's container factory at Phu My II Industrial Park in Vung Tau began in November 2021. A total of 500,000 TEU (Twenty-foot Equivalent Units) containers will be produced at the facility each year. It currently produces up to 200,000 TEUs per year. Hoa Phat will focus on the production of popular 20- and 40-foot-long container products.

Market researchers have learned that Hoa Phat will use approximately 1 million tons/year of hot rolled coils, producing containers with a capacity of 500,000 TEU/year.

It was also announced that the shipping containers are made from Hoa Phat's own HRC products, such as weatherproof and expensive SPA-H steel.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

‘IMF: Gulf countries continue to grow on reforms and steel production’

Monday, December 23, 2024

India launches investigation into flat steel product imports

Monday, December 23, 2024

Italy's crude steel production decreased in November

Monday, December 23, 2024

Ukraine increased the export of scrap by 62.4%

Monday, December 23, 2024

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now