Hoa Phat Group manufactured some 209,000 tonnes of steel in July, up 24.7 per cent from last month and nearly 50 per cent from the same period last year. The company has retained top spot in terms of domestic steel market share.
The group sold 33,000 tonnes of wire rod in the month, surging 54 per cent from June, while some 21,800 tonnes of steel was shipped abroad, increasing total steel exports to 111,800 tonnes in the first seven months of the year.
From the outset of this year, the group produced more than 1.24 million tonnes, a year-on-year increase of 32.3 per cent.
According to the Viet Nam Steel Association, domestic steel production plants can meet domestic demand for steel products for construction. Steel production in Viet Nam expanded 12.8 per cent year-on-year to nearly 11.3 million tonnes in the seven-month period ending in July, the association said.