HSG exports 20,000 tonnes of steel coil to US

tohang

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.

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

  • Share:

see also

UKs carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK''s carbon border adjustment mechanism will take effect in 2027.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Experts point out economic growth drivers, challenges for next year

Experts point out economic growth drivers, challenges for next year

Several growth drivers are in place to help Việt Nam achieve its GDP growth rate goal of 6.5-7 per cent next year, but rapid and strong international fluctuations remain challenges to watch out for.
Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

The northern province of Thái Nguyên has implemented many policies to support local businesses in maximising the potential benefits of the UKVFTA, opening up multiple opportunities for exports to the UK.