HSG exports 20,000 tonnes of steel coil to US

Monday, Feb 29, 2016 17:21

Leaders of Hoa Sen Group celebrate the export of 20,000 tonnes of steel coils to US. — VNS Photo

BA RIA – VUNG TAU (Biz Hub) — The giant steel maker, Hoa Sen Group (HSG), yesterday exported 20,000 tonnes of steel coils, worth a total of US$10 million, from SSIT terminal in the southern province of Ba Ria – Vung Tau to the US.

A representative of HSG told Viet Nam News that though it had not exported to the US for a long time, this was the biggest volume of steel it had exported to the US.

Hoa Sen was also the first company in the country to export such an amount to the US, he added.

The activity yesterday marked a special step for the company in its expansion in its export market, in antipication of the Trans Pacific Partnership, a trade agreement signed earlier this month.

Exports contribute 40 per cent of the company's revenue each year.

Last year, HSG exported over 400,000 tonnes of steel. The figure this year is estimated to be 450,000 tonnes.

The company's products are exported to more than 60 nations and territories. — VNS

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