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 [Ferro-Alloys.com] In November 2019, not only did construction steel achieve record sales, but Hoa Phat steel pipe also reached the highest level ever in sales history, reaching 72.500 tons, increased 27,6% over the same period in 2018. In particular, the North market has the highest growth rate with 38,4%. With this result, Hoa Phat maintains its position as the No. 1 steel pipe manufacturer in Vietnam with over 31% market share.

 

In the cumulative of 11 months, Hoa Phat has provided 688.300 tons of steel pipes to the market, up 15% over the same period in 2018.

 

Besides the No. 1 position in Vietnam, in a total of 11 months, Hoa Phat Steel Pipe, exported 17.000 tons to foreign markets, increased 22,3% over the same period. Currently, the export markets of Hoa Phat Steel Pipe Company include North America, Southeast Asia, India, Australia and Latin America ….

 

According to Mr. Nguyen Thai Son, Deputy Director of Hoa Phat Steel Pipe Co., Ltd, after a long time from the beginning of 2019, the market was unstable, HRC prices continuously tended to decrease, until November 2019, HRC prices had signs of recovery, price increases, demand for civil construction also increases; Along with the transparent, consistent and superior policy of products, stability, good service, diverse models, Hoa Phat steel pipe products are trusted and welcomed by customers and partners to help Hoa Phat set a record of steel pipe sales in November. This is also a premise for Hoa Phat Steel Pipe to boost sales in December, striving to meet the goal of reaching 750.000 tons in 2019 and aiming to increase 10% growth for 2020. (Hoa Phat)