Hoa Sen Group sets new steel export record in February

Thursday, Mar 11, 2021 07:50

Hoa Sen's products are loaded for shipping. — Photo hoasengroup.vn

Hoa Sen Group (HSG)'s galvanized steel exports set a new record in February despite the Tet holiday.

According to a statement on its official website, Hoa Sen exported a record of 121,000 tonnes of galvanized steel, with export revenue worth over US$100 million in February.

During the Tet holiday, Hoa Sen's plants across the country were still busy with export activities.

Hoa Sen is a leading company in galvanized steel in the domestic market, accounting for nearly 50 per cent of total export products. Its products reach more than 85 countries and territories.

In January, besides galvanized steel, Hoa Sen also dominated the pipe steel segment, with sales volume of 40,359 tonnes, accounting for 22.76 per cent of the total market, according to a monthly report from Viet Nam Steel Association (VSA).

Data from VSA showed that the industry produced 2.65 million tonnes of steel in January, up 60 per cent year-on-year.

The sales volume of the industry climbed 55 per cent against the same period last year to 2.11 million tonnes. Of which, export volume increased 61 per cent to 457,000 tonnes.

In Wednesday's trade, HSG shares closed at VND28,100, down 0.71 per cent. — VNS

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