Vietnam’s largest steelmaker Hoa Phat Group has said its steel exports in September doubled compared to the previous month, hitting a record high of nearly 50,000 tons.
Its major markets included the U.S., European and Southeast Asian nations.
|At a steel mill of Hoa Phat|
In the first nine months of 2021, Hoa Phat shipped over 273,000 tons of galvanized steel sheet abroad, rising 2.6-fold against the same period last year. The amount made up 64 percent of the total steel sheets sold in the period.
Hoa Phat was among the five largest steel sheet producers of Vietnam, holding about 6.5 percent in the market.
This year, its affiliate Hoa Phat Steel Sheet Company has bolstered exports to expand its coverage in world’s leading consumption markets, including the U.S., Mexico, European nations and the U.K., especially ones with stringent origin tracing requirements.