Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Hoa Phat Steel Sheet Company, part of the Hoa Phat Group, exported over 22,000mt of galvanized steel sheets to the EU and US in the first two months of 2021. 


About 45pc or 10,000mt was shipped to its partners in Belgium and Spain in January while 55pc or 12,000mt of galvanized cold-rolled sheets were shipped to the US in February. 


The company has an annual production target of 300,000-400,000mt with 30-40pc slated for exports. Hoa Phat began exporting the product line in August 2020 predominantly to Australia, the EU, Thailand, and the US. The firm exported about 30,000mt of galvanized steel in Q4 2020 of which 10,000mt was exported to Europe in November 2020. 


Hoa Phat has stated it seeks to leverage the effectiveness of the free trade agreements (FTA’s) that include Vietnam, especially, in major markets that have a product of origin requirement. Galvanized sheet is a small segment for Hoa Phat, but the value-added product is growing in the export market. 


In 2021, Hoa Phat plans to reach 2.7mn mt in flat steel production with over 5mn mt of construction billet and long steel. 

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