Steel News

In the first 5 months of 2024, Hoa Phat steel sheet continues to affirm its position in the top 5 domestic steel sheet consumption market share, while promoting export activities. Export output nearly doubled over the same period last year, focusing on European and American markets, making a major contribution to Vietnam's total export production output.In 2023, Hoa Phat's coated steel sales output reached 329,000 tons, of which domestic output was 190,000 tons and export output was 139,000 tons, up 24% and 42% respectively over the same period last year. Exports, including galvanized steel coils, cold galvanized steel sheets and color-coated steel sheets, currently account for 60-70% of Hoa Phat's total color steel sheet production output.Hoa Phat excels in steel, doubling exports to Europe and America in 2024The entire production line is operating effectively, meeting domestic demand and strict technical standards of foreign partners, especially product surface requirements. With diverse and high-quality product lines such as color-coated steel sheets, premium steel sheets, galvanized steel sheets, panel sheets, anti-finger coated white cold-rolled sheets,... Hoa Phat has affirmed its position in the market, fully meeting customer needs.Hoa Phat Steel Sheet Company has been inspected and confirmed its Greenhouse Gas Inventory Report by BSI - the UK's leading international certification organization - according to ISO 14064-1:2018 standards. At the same time, the company was also certified for Carbon Footprint Report on Products according to ISO 14067:2018, creating a premise to meet requirements for exporting goods to fastidious markets such as Europe.Hoa Phat leads with eco-certified steel, ready for the fastidious global marketsHoa Phat is equipped with modern technology lines, imported from G7 countries. Hoa Phat is the only steel plant in Vietnam that owns a closed production chain from iron ore raw materials to final products such as galvanized steel, cold galvanized and painted sheets. This helps Hoa Phat control and ensure stable product quality from input to output. The product quality of Hoa Phat steel sheet, especially in terms of mechanical properties and surface, is highly rated and has become the top choice for many domestic and international customers.Over the years, the company has continuously received large orders from major trading partners and customers from Europe and America. Hoa Phat's galvanized steel products are trusted and used in many housing and factory construction projects in North America, Western Europe and the UK.Hoa Phat's high-quality steel is a top choice globally, from Europe to AmericaHoa Phat is also the first and only corrugated iron manufacturing mill in Vietnam to be self-sufficient in HRC raw materials. This advantage helps the product ensure stable quality at competitive prices. With 100% Vietnamese product origin, Hoa Phat easily achieves tax incentives and anti-dumping in countries with strict origin requirements.MRS Steel is one of Hoa Phat's biggest strategic partners, with a relationship spanning over 10 years, taking Vietnamese steel products to the global stage. At MRS Steel, importers can access Hoa Phat’ s high-quality products at the most favorable prices through our new customer policies. Contact MRS Steel now via Whatsapp: +84 769 112 358 or Email: vanloc@mrssteel.com.vn for the best support.

Hoa Phat is one of 70 Vietnamese enterprises included in the 2024 Fortune Southeast Asia 500 list.On June 18, Fortune magazine announced the ranking of the 500 largest enterprises in Southeast Asia in 2024 based on revenues for the fiscal year 2023. Hoa Phat Group excelled at the 76th position on the list, making it one of 13 Vietnamese companies in the Top 100. This is the first time such a ranking has been conducted to honor companies with impressive growth in the region.Hoa Phat Group is 76th among Southeast Asia’s top enterprises in 2024Hoa Phat is in the top 100 largest companies in Southeast AsiaThis ranking includes 500 companies from 7 countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines and Cambodia, reviewing over 57 fields including aviation, textiles, chemicals,... Hoa Phat Group ranked 76th, leading among 5 other Vietnamese steel enterprises also on the list, including Hoa Sen Group, Vietnam Steel Corporation, Nam Kim and Ton Dong A.According to Fortune, Hoa Phat's revenue in 2023 reached 4.99 billion USD, with a profit after tax of 287 million USD. In 2023, Hoa Phat recorded 120,355 billion VND in revenue and 6,800 billion VND in profit, of which the steel segment (including iron and steel and steel products) accounts for 94% of revenue and 92% of profit after tax. Notably, Hoa Phat is also in the top 60 countries with the largest crude steel production in the world, with 6.7 million tons. Hoa Phat contributed over VND 9,000 billion to the government budget and was voted Top 1 largest private enterprise and ranked 8th in the Top 10 largest enterprises in Vietnam in 2023. Hoa Phat continues to maintain its leading position in the Vietnamese steel market, achieving VND 31,000 billion in revenue and VND 2,869 billion in post-tax profit in the first quarter of 2024.Hoa Phat leads in Vietnamese steel industry, making major global and local impacts in 2023Hoa Phat holds the No. 1 position in Vietnamese steel industryWith a crude steel capacity of 8.5 million tons/year, Hoa Phat is currently the largest steel producer in Vietnam and Southeast Asia. In 2023, sales volume of HRC steel products was 2.8 million tons, construction steel and high quality steel recorded 3.78 million tons, an increase of 6% compared to 2022. Hoa Phat also holds the No. 1 market share in construction steel and steel pipes, with 34.7% and 28.27% respectively. Coated steel products are also among the top 5 market shares in Vietnam.In the export market, Hoa Phat has exported many steel products to 30 countries and territories across 5 continents. Hoa Phat has invested in the most modern production lines, providing a series of high quality steel grades such as 30MnSi, SWRH82B, SWRH62A, SWRH72A, SWRH82A, SWRH82ACr, DBIC B500B, SWRY11, ER70S-6... Currently, Hoa Phat is the only Vietnamese enterprise that can produce hot rolled coil steel (HRC) and DBIC B500B steel. In mid-2023, Hoa Phat's HRC received CE Marking certification - fully qualified to export to Europe.Hoa Phat dominates with top market shares and global reach in steel productionOver the years, HPG has continuously received many large orders from trading partners and customers at fastidious markets such as Europe and America. A number of large customers, who originally purchased specialized products requiring high quality from the US, have now trusted Hoa Phat as a reputable supplier, replacing domestic sources. MRS Steel is Hoa Phat's strategic partner in exporting Vietnamese steel, providing consulting support and resolving purchasing barriers for importers. If you are interested in learning more about Hoa Phat steel production capacity and products, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358.Compliance with strict quality control procedures and origin principles has enhanced the quality and position of Hoa Phat’s products in both domestic and international markets. With the title Fortune Southeast Asia 100, Hoa Phat will continue to build trust with customers.

According to data from the General Department of Customs, iron and steel exports of all kinds in December 2023 increased sharply, reaching more than 1.08 million tons with a value of 707 million USD, an increase of 18.12% in volume and 13.81% in value compared to November 2023; increase 34.4% in volume and 27.7% in value compared to the same period in 2022.According to the Vietnam Steel Association (VSA), in December, construction steel and high-quality steel of all types recorded the highest consumption in the past 20 months. Exports of iron and steel of all kinds in December 2023 also increased sharply, reaching more than 1.08 million tons with a value of 707 million USD. For the whole year 2023, iron and steel exports of all kinds reached nearly 11.13 million tons with a value of 8.35 billion USD, +32.6% in volume and +4.5% in value compared to 2022.In December 2023, the top 10 largest import markets for Vietnamese flat steel were the United States accounting for 14.95%, Italy at 12.4%, Cambodia at 8.7%, Mexico at 7.8%, Malaysia at 6.3%, Indonesia at 5.2%, Colakoglu at 5%, Belgium at 4.9%, India at 4.9% and Spain at 4.1%.Conversely, Vietnam's imports of iron and steel in December 2023 reached 1.17 million tons with a value of 741 million USD, -22.1% in volume and -18.3% in value compared to the previous month; +22.7% in volume and +6.7% in value over the same period in 2022. For the whole year 2023, imports of iron and steel of all kinds will reach 13.3 million tons with a value of 10.43 billion USD, +14.1% in volume but -12.6% in value compared to 2022. One of the businesses with the most positive business results in December 2023 was Hoa Phat Group. HPG produced 648,000 tons of crude steel, an increase of 4% compared to November 2023. The consumption of hot rolled steel coils, construction steel and steel billets reached 760,000 tons, an increase of 7% compared to November and the highest in 2023. For export markets, Hoa Phat exported 113,000 tons of construction steel and high-quality steel to make wire rods and welding rod cores. Main export markets were Canada, Korea, Japan, Singapore, Australia, Sri Lanka,...In addition to high-quality steel, Hoa Phat also exported 103,000 tons of HRC in December 2023. HPG is the group with the largest crude steel capacity in Vietnam and Southeast Asia with 8.5 million tons/year, leading in construction steel market share and among the top 5 largest Vietnamese galvanized steel manufacturers.Entering 2024, Vietnam's steel industry is also recording many positive signs of recovery as both production and consumption show signs of strong growth. For the export market, recovering demand in the EU and US has a positive impact on export output and price of galvanized steel. Export steel prices are expected to increase by 9% in 2024.MRS Steel is a provider of quality, convenient and time-saving Vietnamese steel import solutions. Our team of market analysis, marketing and supply experts provide the latest market and price reports to help importers clearly understand Vietnamese steel industry. If you have any questions or need to import Vietnamese steel, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Hotline: +842836223358 for the most thoughtful support!

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.