Hoa Phat

Retail Asia08/03/2024

Vietnamese steel giant Hoa Phat Group saw a 32% rise in sales volume of steel products in the first two months of this year, the firm reported. In the January-February period, Hoa Phat sold 1.15 million tonnes of hot rolled steel products (HRC), construction steel, high quality steel and steel billets. Meanwhile, the firm produced […]

Retail Asia23/01/2023

Hoa Phat Group, Vietnam’s biggest construction steel firm, posted net losses of nearly VND2 trillion ($84.7 million) in Q4 last year, higher than the losses of roughly VND1.8 trillion in Q3. The company’s losses in Q3 was its first quarterly loss in 13 years. Hoa Phat made revenues of VND26 trillion in the fourth quarter, seeing […]

Retail Asia08/11/2022

Hoa Phat Group’s sales plummeted by 42% year-on-year in October to 492,000 tons as domestic and global steel demand continued to fall. According to monthly data from Vietnam’s largest steel company, this is its lowest sales volume since February 2021. Construction steel sales fell by 45% year-on-year to 210,000 tons. Hot-rolled coil steel sales however […]

Retail Asia28/01/2022

Vietnam’s biggest steelmaker Hoa Phat Group said post-tax profits were up 2.5 times last year to VND34.52 trillion ($1.52 billion). The company sold 8.8 million tons of steel during the year, a 35 percent increase. It accounted for nearly a third (32.6 percent) of the construction steel market. Exports doubled to 2.6 million tons even […]

Tag: Hoa Phat

Steelmaker Hoa Phat’s sales surge 32% in two months

Steelmaker Hoa Phat reports bigger losses in Q4

Hoa Phat steel sales fall by 42% in October

Steelmaker Hoa Phat reports 2.5-fold jump in profits