A steel production line of Hoa Phat Group. — Photo hoaphat.com.vn

Hoa Phat Hung Yen Steel Co., Ltd, a subsidiary of Hoa Phat Group, has signed a number contracts to export high-quality rolled steel branded SAE to African markets.

The signing marks the group's success in opening new export markets.

As scheduled, 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.

The steel manufacturer shipped 160,000 tonnes of high-quality rolled steel to foreign markets in the first seven months of this year, up 2.3 times compared to the same period last year, and 35.5 per cent higher than the total output of SAE products exported in the whole last year.

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 one million tonnes of steel billets for construction in the seven months.

The completion of Hoa Phat Dung Quat port 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. — VNS