Việt Nam's finished steel production projected at 30 million tonnes

Wednesday, Aug 14, 2024

The domestic steel market is currently inundated with various steel products, while imported steel continues to flood in, intensifying price competition for local producers.

VN's Steel industry ranks 12th in world crude steel production

Saturday, May 18, 2024

This accomplishment not only highlights the industry''s rapid growth in production output but also signifies its increasing independence and diversification of product types.

Local steel sector saw gloomy performance in 11 months

Friday, Dec 23, 2022

Totally in the 11-month period, finished steel production saw a yearly decline of 11.3 per cent to 27.12 million tonnes. Sales of finished steel also plunged 7 per cent year-on-year to 25.1 million tonnes.

Hoa Phat’s profit tops VND10 trillion in Q3/2021

Saturday, Oct 23, 2021

Hoa Phat Group (HPG) posted an after-tax profit of VND10.35 trillion (US$454.92 million) in the third quarter of this year, 2.7 times higher than the same period last year.

Viet Nam's steel sales increase due to exports

Monday, Sep 06, 2021

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).

Proposed steel import tax reduction to threaten domestic steel production: VSA

Wednesday, Aug 04, 2021

Reducing the import tax for construction steel products will threaten domestic steel production, the Việt Nam Steel Association (VSA) has said.

Hoa Phat sells nearly 500,000 tonnes of steel products in August

Sunday, Sep 06, 2020

The volume of steel soared by 65 per cent month-on-month.

Hoa Phat revenue totalled VND19.45 trillion in Q1

Wednesday, Apr 22, 2020

Steelmaker Hoa Phat Group posted VND19.45 trillion (US$825.8 million) revenue and VND2.3 trillion after-tax in the first quarter of the year, up 28 per cent and 27 per cent year-on-year, respectively.

Steel producers hit hard by pandemic

Saturday, Apr 11, 2020

In the first quarter, VSA-member enterprises recorded a plunge of 15 per cent in steel output to 5.4 million tonnes and 20 per cent in consumption to 4.4 million tonnes year-on-year.

Steel industry forecasted to grow by 6-8 per cent in 2020

Friday, Jan 31, 2020

Viet Nam steel production was forecasted to continue to grow slightly, at about 6-8 per cent, this year, reported the Viet Nam Steel Association (VSA).

Hoa Phat invests nearly VND43 trillion on Dung Quat project

Tuesday, Jul 30, 2019

In the first half of 2019, Hoa Phat Group poured nearly VND9.17 trillion (US$393.35 million) into Dung Quat iron and steel production complex, raising total investment in the project to approximately VND42.92 trillion.

Domestic steel production growth to reach 20 per cent this year

Monday, Jul 16, 2018

The domestic steel production is expected to gain year-on-year growth of about 20 per cent this year, according to the Ministry of Industry and Trade.

Hoa Phat Dung Quat Steel JSC improves admin capacity

Monday, Jul 02, 2018

The Hoa Phat Dung Quat Steel JSC has announced that it will apply SAP S/4HANA, a next-generation enterprise resource planning (ERP) software, for its iron and steel production complex.

Strong growth for steel production

Saturday, May 05, 2018

Steel production and consumption showed strong growth in the first four months of this year owing to favourable weather, said Nguyen Van Sua, deputy chairman of the Viet Nam Steel Association.

Việt Nam to produce hot rolled steel this year

Thursday, Feb 08, 2018

Viet Nam’s steel industry will be able to produce enough hot-rolled steel in 2018 to meet local demand. Before, the nation had to import millions of tonnes of hot-rolled steel products every year.