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Vietnam's Hoa Phat crude steel output rises in Apr m-o-m

Time:Fri, 12 May 2023 08:18:04 +0800

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According to the data released by Hoa Phat Steel, 525,000 tons of crude steel were produced in April 2023, increasing by 19% month on month and a year-on-year decrease of 29%. Among them, the production of hot-rolled coils was 239,000 tons, which hit a record high in a single month this year.

In terms of sales, it sold a total of 457,000 tons of steel in April, falling by 23% year on year and keeping almost flat month on month with a slight decline.

From January to April, Hoa Phat produced a total of 1.8 million tons of crude steel, a drop of 39% from the same period last year. The sales were about 1.8 million tons, declining by 34% year on year.
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