The group recorded revenue of approximately VNĐ53.3 trillion (US$2 billion), up around 40 per cent year-on-year, while net profit exceeded VNĐ9 trillion — the highest quarterly profit in the company''s history, equivalent to about 41 per cent of its full-year target.
Located in Tây Ninh Province, the steel pipe plant raises the group’s total steel pipe capacity to 1.2 million tonnes per year, helping it maintain a leading domestic market share of nearly 35 per cent.
Hoà Phát Group on Thursday signed a technology supply agreement with Germany’s SMS Group that will enable the steelmaker to roll high-speed rail tracks in the first quarter of 2027.
India''s Directorate General of Trade Remedies has just initiated an anti-dumping investigation into hot-rolled coil steel, originating or exported from Việt Nam.
The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.
Statistics of the General Department of Customs showed that HRC import amounted 890,000 tonnes in April, 1.5 times higher the domestic total output with China accounting for 71 per cent.
Hoa Phat Group supplied the market with 296,000 tonnes of hot rolled coil (HRC) steel. This is the highest sale level since it started supplying HRC to the market in November 2020.
Steel maker Hoa Phat Group announced that its subsidiary Hoa Phat Dung Quat Steel Joint Stock Company has signed a contract to export the first batch of 35,000 tonnes of hot-rolled coil (HRC) steel to Italy.
The Hinokiya Resco Construction Viet Nam Company (HRC Viet Nam) officially inaugurated its HRC Factory in the northern port city of Hai Phong’s Thuy Nguyen District on Tuesday to produce reinforced concrete products.