(HSV VIETNAM GROUP) – Hoa Phat is the only Vietnamese enterprise that can produce this important industrial steel product.
On March 20, 2024, Hoa Phat Group (HPG) officially announced the milestone of 9 million tons of hot rolled coil (HRC) steel after nearly 4 years since the first HRC coil was born in May 2020. Currently, Hoa Phat is the only Vietnamese enterprise that can produce this important industrial steel product.
Hoa Phat's HRC products are diverse in types such as: low carbon steel grades (SAE1006, SAE1008, S235JR, SPHC, SPHD, BJPC, SPHT1), medium carbon steel grades (SS400, S275, S355, SAE1017, SS36, ASTM A36), SPAH grades. Providing products with thickness from 1.2 mm to 12.0 mm, width from 900 mm to 1500 mm according to the needs of domestic and foreign customers.
In 2023, Hoa Phat will also produce a number of new HRC grades such as S235JR, S275JR, S355JR for export to Europe and SPA-H weather-resistant steel for containers.
Hoa Phat records current capacity of 3 million tons/year. Hoa Phat's HRC is a foundation product and input material for many other high-tech manufacturing industries such as automobile manufacturing, shipbuilding, mechanical engineering industry, household appliances, steel structures, galvanized steel sheets, steel pipes, container shells,...
In mid-2023, Hoa Phat Dung Quat Steel has registered and been granted CE Marking certification for HRC S235JR, S275JR, S355JR steel products, applied to produce steel structures. CE Marking is an important certification, affirming the quality of the Group's products, and is considered a "passport" when exporting to Europe, creating conditions to promote exports and diversify markets and consumption channels.
In February 2024, the Group said it produced 690,000 tons of crude steel, equivalent to the previous month. Sales volume of hot rolled coil (HRC) steel products, construction steel, high quality steel and steel billet supplied to the market reached 518,000 tons, down 19% compared to the first month of the year.
Cumulatively in the past 2 months, Hoa Phat produced 1.38 million tons of crude steel, an increase of 71% over the same period in 2023. Sales of HRC steel products, construction steel, high quality steel, and steel billets reached 1.15 million tons, an increase of 32% over the same period. Of which, construction steel and high quality steel reached 575,000 tons, down 2% compared to the first 2 months of 2023. HRC steel contributed 542,000 tons, doubling over the same period last year.
According to the Vietnam Steel Association report, Hoa Phat holds the No. 1 market share in Vietnam in construction steel and steel pipes with 36% and 25.27% respectively, at the end of January 2024.
Ha Diem HSV