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Vietnam's leading steel manufacturer exports high-quality steel to Africa

14:16 | 20/08/2020

Hoa Phat Hung Yen Steel, a subsidiary of Vietnam's leading steel manufacturer Hoa Phat Group - has signed a number of contracts to export high-quality rolled steel branded SAE to African markets, marking its success in opening new export markets.

hoa phat group to export 120000 tonnes of steel billets to china Hoa Phat Group to export 120,000 tonnes of steel billets to China
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steel production up 7 percent in 6 months Steel production up 7 percent in 6 months
vietnams leading steel manufacturer exports high quality steel to africa
(Photo: VOV)

The first shipments with a total volume of nearly 30,000 tonnes will be transported to Kenya and Ghana in September and October this year, according to VOV.

Through multinational trading companies based in Switzerland, Dubai, Hoa Phat Steel began to manufacture products to a potential black continent. It is expected that in September, October 2020, the first shipments will be shipped to Kenya and Ghana with a total volume of nearly 30,000 tons. In particular, the Kenyan market is more than 17,000 tons, the rest is to Ghana.

In the first seven months of 2020, Hoa Phat shipped 160,000 tonnes of high-quality rolled steel to foreign markets up 2.3 times compared to the same period last year, and 35.5% higher than the total output of SAE products exported in the whole year 2019.

vietnams leading steel manufacturer exports high quality steel to africa
(Photo: Industry and Trade News)

All of the goods exported to Africa are produced at Hoa Phat Hai Duong Steel Complex. With the closed production process from iron ore and blast furnace technology, oxygen blowing furnace, Hoa Phat steel is deeply removed impurities, meeting all the most stringent domestic and foreign standards. Therefore, SAE coil products are commonly used to process drawn wire, wire mesh, make nails, screws, bolts.

In the first 7 months of the year, Hoa Phat exported 160,000 tons of high-quality steel coil, up 2.3 times compared to the first 7 months of 2019 and 35.5% higher than the total output of SAE products exported in 2019. Markets include the US, Japan, Canada, China, Australia, Korea, Taiwan, Thailand, Malaysia, Indonesia, Cambodia, Brunei, the Philippines, and Singapore. By conquering difficult markets, Hoa Phat steel easily penetrates into other markets, Industry and Trade reported.

Major export markets of Hoa Phat steel included the US, Japan, Canada, China, Australia, the Republic of Korea, Taiwan, Thailand, Malaysia, Indonesia, Cambodia, Brunei, the Philippines, and Singapore. Along with ready-to-use steel, Hoa Phat also sold 1 million tonnes of steel billets for construction steel production in the seven months, with 169,000 tonnes in July alone.

The completion of Hoa Phat Dung Quat port also made great contributions to the transport of Hoa Phat steel, thus promoting its sales. Recently, the port received a 176,000 tonne vessel, the biggest of its kind it had ever served.

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