Hoa Phat Group Records Highest Construction Steel Revenue in September
Steel NewsDate: 19-10-2023 by: Nhu Quynh
After a challenging period of business due to the impact of the COVID-19 pandemic and global steel market fluctuations, Hoa Phat Group has achieved an impressive result with the highest construction steel revenue recorded in September.
According to information as of the end of September 2023, Hoa Phat Group has achieved record-breaking revenue from construction steel products, surpassing the expectations and predictions of many economic experts. Specifically, in September of this year, Hoa Phat Group produced 635,000 tons of crude steel, a 7% decrease compared to the previous month. However, the volume of products sold by the company in September increased by 7% compared to the previous month, reaching 596,000 tons, including construction steel, steel billets, and hot-rolled coil steel. Among these, the sales of construction steel reached 352,000 tons, a 15% increase compared to the previous month, while hot-rolled coil steel reached 234,000 tons, zinc-coated steel pipes reached 20,000 tons, and 48,000 tons, showing respective increases of 75% and 20% compared to the previous month. This strong revenue growth demonstrates Hoa Phat's flexibility and effective response to the dynamic market conditions.
This also demonstrates Hoa Phat's commitment to enhancing their steel product development and expanding their consumer market. Hoa Phat Group has not only produced steel plates and coils but has also invested in manufacturing higher-quality products such as hot-rolled coil steel, zinc-coated steel, hot-dip galvanized steel, and other high-quality processed products. Thanks to their relentless efforts in improving product quality and quality management, Hoa Phat has succeeded in attracting a large number of customers both domestically and internationally. This not only helps Hoa Phat Group maintain its leading position in the steel market but also contributes to the sustainable development of the steel manufacturing industry in Vietnam and worldwide.
This impressive growth not only reflects the flexibility and adaptability of the Hoa Phat Group in the face of market challenges but also signals a strong recovery in the construction industry in Vietnam. Currently, the construction industry plays a pivotal role in economic development, and having a stable and high-quality steel supply is indispensable. Hoa Phat Group has actively contributed to providing high-quality steel products with diverse designs to support the robust recovery and development of the construction sector.
Not only achieving high revenue, Hoa Phat Group continues to set higher goals for improving product quality, enhancing production capacity, and maintaining its commitment to environmental protection. The corporation has invested heavily in advanced technology and quality management to ensure that their products consistently meet the stringent requirements of the market and customers.
Hoa Phat Group's efforts to meet the demand for construction steel not only ensure a reliable supply but also help maintain the overall growth momentum of the industry. This drives economic growth, job creation, and increased investment in related sectors, making Hoa Phat's achievements in September a crucial factor in Vietnam's broader economic recovery process.
In general, Hoa Phat Group achieving the highest construction steel revenue in September is a significant milestone in the corporation's development journey. This reflects Hoa Phat's smart investments and lofty aspirations in providing high-quality steel products and contributing to the recovery and growth of the construction industry and the Vietnamese economy. If you are interested in purchasing Hoa Phat's steel products, please feel free to contact us here.