Vietnamese steelmaker Hoa Phat sold 500,000mt of steel pipes in the first eight months of the current fiscal (Jan-Aug). Of the total sales, exports amounted to 13,688mt, up by 23.3pc from the prior-year period, said the company.
In August, the company’s steel product’s sales reached 76,500mt, up by 38.2pc, especially in the three regions of north, central and south compared to the prior-year. In the southern region, sales amounted to 26,500mt. The products included galvanised steel pipe, large steel pipe, hot-dip galvanised steel pipe and welded black steel pipe. Its colour-coated steel sales tripled, the highest growth during the period.
In addition to this, the government’s VND62tn stimulus package has had a positive effect on production and trading of company.