Hoa Phat Group reaches the milestone of 10 million tons of hot-rolled coil
Steel NewsDate: 07-06-2024 by: Nhu Quynh
On June 6, 2024, Hoa Phat Group officially announced the milestone of 10 million tons of hot-rolled coil after more than 4 years since the first hot-rolled coil was born in May 2020.
In the article below, we will learn more about this incident with MRS Steel.
Hoa Phat's hot-rolled coil output reached 10 million tons
Hoa Phat - The first Vietnamese enterprise to produce hot-rolled coil
Hot-rolled coil is an important industrial steel product, the foundation and input material for many other high-tech manufacturing industries such as automobile manufacturing, shipbuilding, the mechanical engineering industry, household appliances, steel structures, galvanized steel coils, steel pipes, container shells,... Currently, Hoa Phat Group is the only Vietnamese enterprise that can produce hot-rolled coils. In May 2020, the first hot-rolled coil was born at Hoa Phat Dung Quat Steel Joint Stock Company. In August 2022, Hoa Phat Group reached the milestone of 5 million tons of hot-rolled coil and raised it to 10 million tons of hot-rolled coil on June 6, 2024. The output of 10 million tons is a milestone, marking the efforts of Hoa Phat Group staff after 4 years of operation. Currently, Hoa Phat's engineers have completely mastered production technology, creating many different product lines and serving domestic and foreign market needs.
With the position of the largest steel manufacturer in Southeast Asia, in recent years Hoa Phat has continuously improved its production lines. With the investment in hot-rolled coil production on a continuous smelting, casting, and rolling line provided by Danieli Group (Italy). In addition, Hoa Phat Group will also operate roll-forming machine No. 3 from November 2022, increasing roll-forming capacity and ensuring redundancy for continuous production. In January 2023, installation and trial run of the F5 rolling rack will be completed, allowing hot-rolled coil thinning from 1.5 to 1.2 mm. Installing a rolling rack has improved product geometry and increased productivity and efficiency when rolling products compared to before.
Hoa Phat's hot-rolled coil products are diverse in types such as low carbon steel grades (SAE1006, SAE1008, S235JR, SPHC, SPHD, BJPC, SPHT1), medium carbon steel grades (SS400, S275, S355, SAE1017, SS36, ASTM A36), and the SPAH mark. Hoa Phat Dung Quat Steel Joint Stock Company also provides wide products from 900 to 1524 mm according to the needs of domestic and foreign customers. Production capacity and increasingly diverse product range show that Hoa Phat Group has mastered the hot-rolled coil production line, affirming its position as the largest steel manufacturer in Southeast Asia.
Some milestones of Hoa Phat's HRC product
Hot rolled coil - The future of Vietnam's steel industry
Currently, Hoa Phat's total hot-rolled coil production capacity reaches 3 million tons/year. Currently, Hoa Phat is also implementing the Hoa Phat Dung Quat 2 project with a capacity of 5.6 million tons of high-quality hot-rolled coil/year, thereby increasing Hoa Phat's total hot-rolled coil output to nearly 9 million tons/year. The Hoa Phat Dung Quoc 2 project is expected to come into operation at the end of 2024 and will focus on developing high-quality hot-rolled coil products.
Currently, the demand for hot-rolled coil in Vietnam is estimated at 10 - 13 million tons/year, but the maximum domestic hot-rolled coil output is about 8 million tons. With Hoa Phat's construction of the Hoa Phat Dung Quoc 2 project, Vietnam's hot-rolled coil output has increased, limiting dependence on imported steel supply and meeting domestic demand.
Thank you for reading, follow MRS Steel to update the latest information about the Vietnamese and world steel industry. If you need to import Hoa Phat hot-rolled steel coils, please contact us here or hotline +84 76 911 2358.
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