Vietnam's Hoa Phat Group reports 39% surge in steel sales in Jan-Sep 2026

Vietnamese steelmaker Hoa Phat Group reported a 39% year-on-year increase in steel sales to 10.Asian Metal Copyright6% of HRC sales across 26 countries and regions.Asian Metal Copyright3 million tons during the first nine months of 2026, while crude steel production rose 35% to 10.Asian Metal Copyright Meanwhile, during January–September, steel pipe sales increased 9% to 681,000 tons, while coated steel sheet sales declined 4% to over 307,000 tons.Asian Metal Copyright7 million tons.

Hot-rolled coil (HRC) sales surged 59% to 5.47 million tons, accounting for more than half of the group's major steel product sales.Asian Metal Copyright47 million tons, accounting for more than half of the group's major steel product sales.Asian Metal Copyright Construction steel and high-quality wire rod sales increased 15% to over 4 million tons, while steel billet sales jumped 69% to 811,000 tons.

In the third quarter alone, Hoa Phat produced 3.7 million tons of crude steel, up 3% quarter-on-quarter.Asian Metal Copyright7 million tons of crude steel, up 3% quarter-on-quarter.Asian Metal Copyright Sales of its four major steel products reached 3.Asian Metal Copyright47 million tons, accounting for more than half of the group's major steel product sales.Asian Metal Copyright8 million tons, rising 8% quarter-on-quarter and 54% year-on-year.

Quarterly HRC sales exceeded 2 million tons, up 64% year-on-year, with exports accounting for 24.6% of HRC sales across 26 countries and regions.Asian Metal Copyright Meanwhile, during January–September, steel pipe sales increased 9% to 681,000 tons, while coated steel sheet sales declined 4% to over 307,000 tons.Asian Metal Copyright Meanwhile, during January–September, steel pipe sales increased 9% to 681,000 tons, while coated steel sheet sales declined 4% to over 307,000 tons.

.Asian Metal Copyright8 million tons, rising 8% quarter-on-quarter and 54% year-on-yearAsian Metal Copyright