Vietnam Hoa Phat's steel output, sales both rise YoY in Q1

Source: Mysteel Apr 16, 2025 14:30

Hoa Phat Group (HPG), a leading steelmakerin Vietnam, reported on-year increases in both its crude steel output and sales during this year's January-March quarter, according to the Hanoi-based group's release on April 14.

In the first three months, HPG's crude steel production jumped by 25% on year to reach 2.66 million tonnes, while its sales volume of construction steel, hot-rolled coil, and steel billets totaled 2.38 million tonnes, up 29% on year. The significant growth was mainly driven by favorable weather conditions in Q1 which supported construction activities. Meanwhile, the