Hoa Phat sold 5 million tons of steel in the first half of the year

Hoa Phat Group recorded for the first time that HRC steel sales output exceeded 1.1 million tons in the second quarter, up 18% compared to the first quarter of 2025.

Hoa Phat steel production. Photo: HPG

According to information from Hoa Phat Group, in the second quarter, Hoa Phat produced 2.5 million tons of crude steel, an increase of 10% over the same period in 2024 and equivalent to the first quarter of 2025.

Sales volume of hot-rolled coil (HRC), construction steel, high-quality steel and steel billet reached 2.6 million tons, up 9% quarter-on-quarter and up 18% year-on-year in 2024.

Of which, hot rolled coil steel recorded sales output exceeding 1.1 million tons for the first time in a quarter, up 18% compared to the first quarter. Hoa Phat's construction steel and high-quality steel output reached 1.3 million tons, up 7% compared to the previous period.

Hoa Phat's downstream HRC products such as galvanized steel and steel pipes reached 110,000 tons and 216,000 tons respectively in the second quarter, a sharp increase compared to the first quarter of the year.

In the first 6 months of the year, the group produced 5.1 million tons of crude steel, up 17% over the same period. Sales of HRC, construction steel, high-quality steel and steel billets reached 5 million tons, up 23% over the first half of last year.

Of which, hot rolled steel contributed 2.2 million tons, up 42%. Construction steel and high-quality steel recorded 2.5 million tons, up 11% compared to the first 6 months of last year. With that result, Hoa Phat continued to hold the No. 1 market share in Vietnam in construction steel, with a rate of 38%.

Hoa Phat Group said it is focusing on completing and producing products from blast furnace No. 6, aiming to complete phase 2 of the Hoa Phat Dung Quat 2 Iron and Steel Complex project in September this year.

Upon completion, the total steel output of the group will reach 16 million tons/year, including 8.5 million tons of hot rolled coil steel, meeting 100% of the demand for this product in the Vietnamese market.

Source: https://hanoimoi.vn/hoa-phat-ban-5-trieu-tan-thep-trong-nua-dau-nam-708596.html