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12 Jun
09:22

Hoa Phat’s production and sales rise in May

Vietnam's leading steel producer Hoa Phat Group has seen a continued recovery in its steel production and sales in May. This past May, Hoa Phat produced 565,000 tonnes of crude steel, up from 525,000t in April but still 27% less than a year earlier. Total crude steel production in the January-May period fell 36% to 2.34 million tonnes, Kallanish notes. Its sales of construction steel, HRC and billets rose 16% month-on-month …
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