Steel production in Hoa Fat in January broke a new record

Hoa Phat Group, a major steel producer in Vietnam, reported that crude steel production in January was 670,000 tons, up 67% from the same month a year ago, reaching its highest level in one month.

Hoa Phat’s steel production in 2020 was 5.8 million tonnes, almost double the previous year.

The group’s current crude steel production capacity is 8 million tonnes per year. The projected annual production is 2.7 million tonnes of hot rolled coil, the production of structural steel and billets will be maintained at over 5 million tonnes.

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