Vietnam's Hoa Phat Group reports 39% surge in steel sales in Jan-Sep 2026
2026-10-19 11:21:21 [Print]
Vietnamese steelmaker Hoa Phat Group reported a 39% year-on-year increase in steel sales to 10.3 million tons during the first nine months of 2026, while crude steel production rose 35% to 10.7 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. 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. Sales of its four major steel products reached 3.8 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. 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.
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. 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. Sales of its four major steel products reached 3.8 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. 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.
