Hoa Phat exports construction steel to Mexico for the first time
22/07/2022 07:50 137
Information from Hoa Phat Group said that the Group has just signed a contract to export a shipment of 8,000 tons of rebar to Mexico. 
This is the first order to be exported to this North American country, creating momentum to expand the consumption market for Hoa Phat construction steel products.
This is a type of reinforced concrete commonly used for construction.
Delivery time is expected in August 2022, from Hoa Phat Hai Duong Iron and Steel Production Complex.
With a modern and closed production line, Hoa Phat provides a variety of steel grades, Hoa Phat's steel products are of high quality, highly competitive in the world market.
In the first six months of the year, Hoa Phat exported 750,000 tons of construction steel of all kinds, doubling the same period in 2021, of which over 553,000 tons of bar steel, the rest is rolled steel.
Up to now, Hoa Phat construction steel has been exported to 25 countries such as the US, Canada, Japan, Korea, Singapore, Malaysia...
The exploitation of new markets helps Hoa Phat diversify its consumption market, and at the same time contribute to foreign currency collection and balance of trade balance of Vietnam.
Regarding the proportion of consumption, the Group determines that the domestic market is always the number 1 priority, consuming 70%-80% of annual production output.
In the first half of 2022, Hoa Phat's output reached 2.3 million tons, up 29% over the same period.
Hoa Phat holds the No. 1 market share in Vietnam for construction steel.
With a crude steel capacity of 8.5 million tons/year, including 5.5 million tons of billet, construction steel and 3 million tons of HRC/year, Hoa Phat is the largest steel producer in Vietnam as well as in the region Southeast Asia, equivalent to Top 50 largest steel enterprises in the world.
M.H
