The export volume of Hoa Phat steel to major markets, including the United States, Australia, Europe, and Thailand, has witnessed robust growth since the beginning of the year and has far exceeded that of the same period from last year.
As a result of being manufactured on production lines imported from Europe, galvanised steel products by Hoa Phat are capable of meeting high standards set by demanding markets, such as Japan, the US, the EU, and Australia
This year has seen the local firm secure a firm foothold domestically, whilst their steel products have gradually made inroads into the world’s most significant steel consumption markets, including the US and the EU.
At present, Hoa Phat group is the first business that enjoys having the autonomy of input materials, largely due to hot-rolled coil (HRC) items being produced at the Hoa Phat Dung Quat Iron and Steel Integrated Complex.
It is anticipated that the move will allow Hoa Phat to dominate the local market thanks to their competitive prices, whilst simultaneously tightening control over product quality and increasing the proportion of exports.
The Vietnamese steel giant aims to reach maximum design capacity and diversify export markets to take full advantage of free trade agreements signed by Vietnam and its partners.