Hoa Phat's HRC products encompass various thicknesses and widths, including low and medium carbon steel grades. These products find applications across automotive, shipbuilding, machinery engineering, home appliances, steel structures, and many other industries.
In 2023, Hoa Phat will begin producing new HRC grades for export to Europe. Additionally, by obtaining the CE Mark certification, it has validated the quality of its products in Europe, facilitating and encouraging exports to the European market.
Hoa Phat also aims to increase its HRC production capacity, currently 3 million tons/year, according to future demands.
In February 2024, Hoa Phat reported producing 690,000 tons of raw steel, slightly down by 19% in hot-rolled coil steel product and construction steel sales volume compared to the previous month, totaling 518,000 tons.
Over the past two months, Hoa Phat saw a remarkable 71% increase in raw steel production compared to the same period in 2023, with a corresponding 32% rise in sales of hot-rolled coil steel products, construction steel, and high-quality steel.
According to the report from the Vietnam Steel Association, as of January 2024, Hoa Phat maintains its leadership position in Vietnam with a market share of 36% in construction steel and 25.27% in steel pipes.
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