Tất cả bài viết

After a slight decrease in October 2023, Hoa Phat's consumption of construction steel and high quality steel increased again in November 2023 due to the revival of demand for construction steel and partly from measures to boost the industry1. Hoa Phat's operating situation in NovemberAccording to the business production report for November 2023 from Hoa Phat Corporation, crude steel production output reached 635,000 tons, equivalent to the previous month.Sales output of HRC products, construction steel, high quality steel and billets reached 709,000 tons, up 12% compared to October 2023. For HRC products, consumption in November 2023 recorded 270,000 tons, high quality steel reached 410,000 tons, increasing by 21% compared to October 2023.In addition, in November 2023, Hoa Phat also provided 37,000 tons of galvanized steel sheets and 73,000 tons of steel pipes of all kinds to domestic and foreign markets.Accumulated in the first 11 months of 2023, Hoa Phat produced more than 6 million tons of crude steel, sales volume reached 6.96 million tons. Of which, construction steel and high quality steel reached 3.3. million tons, down 15% compared to November 2022. Export activities of these types of steel contributed 695,000 tons.2. Expectations for global steel recovery in 2024Hoa Phat's steel consumption output in November 2023 recorded growth in the context of the Vietnamese and world steel industry is showing positive signs.According to forecasts of the World Steel Association, global steel demand in 2024 is expected to recover by 1.9% compared to 2023, reaching 1.8 billion tons. In particular, the EU and Indian markets recovered by 5.6% and 7.5%, respectively, compared to the same period. Global steel supply is expected to decrease slightly by 1% due to the impact of China implementing a plan to cut production by 2% in 2024. This also affects global steel prices as it is expected to increase slightly by 3.5% compared to 2023 due to tight supply.China accounts for more than 50% of the world's annual steel production. In the first 9 months of 2023, the country's steel supply increased by 0.9% over the same period thanks to the recovery of blast furnaces in Tangshan. In addition, the Chinese government is also extending production cut measures to support the domestic steel industry's recovery.Furthermore, the Indian steel industry, accounting for 7% of the world steel market share, also recorded a supply growth of over 10% in the context of the country's government increasing investment in infrastructure construction to serve economic development.3. Prediction of Vietnam steel situation in 2024In Vietnam, steel demand is expected to increase strongly again when the real estate market gradually recovers from 2024. In the latest report of MB Securities (MBS), it is forecasted that in 2024, domestic construction steel prices will recover to 15 million VND/ton (up 8% compared to 2023). Coal and ore raw material prices are expected to decrease slightly by 7% and 6% in 2024 due to stable supply and decline in China's demand for crude steel production.For the export market, recovering demand in the EU and US has a positive impact on output and price of exported galvanized steel sheets. Steel export prices are expected to increase by 9% in 2024, helping the gross profit margin of steel export enterprises improve.Above is the latest news about the Vietnamese steel market in general and Hoa Phat Group in particular. For all updated information about the steel industry in Vietnam and the world, readers can find out more details at the MRS Steel website.

Hot-rolled coil is known as an input material for the production of pipe steel, galvanized sheet, section steel,... but not all enterprises can produce this type of steel. Join MRS Steel to learn more about hot-rolled steel coil factories in Vietnam.Formosa Ha Tinh (FHS) - A pioneer in producing hot rolled steel coils in VietnamAs the enterprise with the highest FDI capital in Vietnam, Formosa Ha Tinh (FHS) is a pioneer in the production of hot-rolled coil in the Vietnamese market. On December 25, 2015, a hot-rolled coil product was launched, the first product produced in Vietnam. The introduction of hot-rolled coil is not only meaningful to Formosa Ha Tinh, but it also marks a strong transformation of Vietnam's steel industry.Formosa Ha Tinh is the most modern steel factory in Southeast Asia, with an output of 4 million tons of hot-rolled coil per year. Each hot-rolled coil produced goes through the stages of heating, roughing, finishing, and winding. Currently, Formosa is still the largest hot-rolled coil producer in Vietnam. With a wide range of products meeting international standards, Formosa Ha Tinh's hot-rolled coil not only meets domestic demand but also exports to other markets. Currently, Formosa Ha Tinh's products are present in advanced countries such as Italy, the USA, Spain, Mexico,... Formosa Ha Tinh uses the latest equipment and production techniques and, at the same time, adopts automated production equipment and computer-managed techniques to improve productivity and product quality.Hoa Phat - The leading bird in Vietnam's steel industryAlong with Formosa Ha Tinh, Hoa Phat is one of two enterprises that can produce hot-rolled coil in Vietnam. Hoa Phat Dung Quoc Steel launched the first batch of hot-rolled coil on May 2, 2020. This is an important milestone, making Hoa Phat the first Vietnamese enterprise to produce hot-rolled coil and affirming its position as the number one steel producer in Southeast Asia.Hoa Phat's hot-rolled coil production output is increasing with stable quality in SS400 steel grades according to JIS G3101-2017 (Japan) and SAE J403-14 (USA) standards. Hoa Phat Group provides 12 different grades of hot-rolled coil, meeting the diverse needs of the market. Besides meeting domestic partners and customers, Hoa Phat's hot-rolled coil has been exported to markets such as the US, Mexico, the EU, Malaysia,...Hot-rolled coil is also the most important highlight of Hoa Phat Dung Quoc, with a capacity of about 3 million tons per year. In 2022, Hoa Phat will conduct the Hoa Phat Dung Quoc 2 Project with a capacity of 5.6 million tons per year. It is expected that after completion in 2025, Hoa Phat's total hot-rolled coil capacity will reach 8.6 million tons per year. With this output, it is partly self-sufficient in domestic steel supplies.In order to increase output, improve quality, and expand the hot-rolled coil product range, Hoa Phat has upgraded and optimized the production line. Currently, Hoa Phat's hot-rolled coil is produced at the modern continuous rolling mill of Danieli Group Europe, and the products all meet many strict standards such as ASTM, JIS, MS, SAE, BS, EN,...After upgrading to steel grades SPHC, SPHD, SPHT1, and BJPC equivalent to SAE 1006, Hoa Phat can produce and roll to a minimum thickness of 1.20mm. Grade SPHT3, the BJPS equivalent to SS400, achieves the minimum thickness of 2.00mm. Marks S235JR and S275JR, when tested, met the standards of mechanical properties and improved product quality. The grade SPA-H used to make the container has good quality and stable production.In the above article, MRS Steel has given you basic information about two large hot-rolled coil manufacturers in Vietnam, Formosa Ha Tinh and Hoa Phat Dung Quoc. If you want to buy hot-rolled coil from these 2 factories, please contact us via WhatsApp (+84) 76 911 2358.

Hoa Phat Group, one of the leading steel manufacturing conglomerates in Vietnam, has achieved a significant milestone in their development in both domestic and international markets. Steel export volume has surged, and Hoa Phat has reached its highest sales level in the company's history.Export volumes have increased significantlyIn the context of the volatile and fiercely competitive global steel market, Hoa Phat Group has continuously ramped up its steel export volumes. In recent months, the conglomerate has witnessed impressive growth in exporting steel products to numerous markets worldwide. These efforts have been demonstrated through a substantial increase in export volumes, contributing to the group's revenue and profitability.In particular, for construction steel and high-quality steel products, Hoa Phat Group has supplied 339,000 tons to the market, with export volumes contributing 110,000 tons, marking a 23% increase. This is also the first time in many months that Hoa Phat has received export orders for steel billets in the international market.Hoa Phat Group has achieved its highest sales level in historyThe increase in export volumes has helped Hoa Phat Group achieve its highest sales level in history after several months of stagnation in the steel market. Hoa Phat's efforts in expanding export markets and enhancing product quality have been highly regarded by the international market. This has propelled the conglomerate to reach a record sales level, creating potential development opportunities for the future.Specifically, the sales volume of hot-rolled coil, construction steel, and steel billets reached 635,000 tons, a 7% increase compared to September and the highest level in nearly 1.5 years. Among these, Hoa Phat Group hot-rolled coil accounted for over 273,000 tons, marking a 17% increase compared to the previous month. Additionally, downstream products of hot-rolled coil in October, such as steel pipes and galvanized steel, also increased by 11% and 25% respectively compared to the previous month, reaching 54,000 tons and 26,000 tons, respectively.During the past 10 months, Hoa Phat Group has produced 5.43 million tons of crude steel, a decrease of 18% compared to the same period in 2022. Sales of hot-rolled coil, construction steel, high-quality steel and steel billets reached 5.25 million tons, a 15% decrease compared to the same period. Although the production and business results have declined compared to the previous year, this is a common trend in the steel industry. Hoa Phat Group has shown positive signs of transformation after announcing its business results for the first three quarters of 2023.The increase in export volumes and Hoa Phat Group record sales level is evidence of the conglomerate's commitment to improving product quality and expanding its export market. This is also a shining example of how a steel manufacturing company in Vietnam can achieve success in the fiercely competitive international market.MRS Steel - A Potential Export PartnerMRS Steel is one of the leading potential steel export partners in the Vietnamese market. With a strong reputation and extensive experience in the steel industry, MRS Steel has earned the trust of many international partners and has become a leader in supplying high-quality steel products from Hoa Phat Group to markets worldwide.With a commitment to quality and excellent service, MRS Steel ensures that products reach customers safely and in the most precise condition. Thanks to their flexibility in the supply process, MRS Steel has the capability to provide all steel products from Hoa Phat Group and other steel manufacturers in Vietnam. With outstanding customer service and professional advisory capabilities, MRS Steel is a reliable partner for any company or organization with steel industry needs.