Vietnamese steelmaker Hoa Phat Group sold 10.3 mln tons of steel products, including HRC, construction steel, wire rod and billets, during January-September 2026, up 39pct YoY.
In the third quarter, the company produced 3.7 mln tons of crude steel, up 3pct from the previous quarter. Sales of HRC, construction steel, wire rod and billets totalled 3.8 mln tons, rising 8pct QoQ and 54pct YoY.
HRC accounted for the largest share of sales, exceeding 2 mln tons in the third quarter, up 8pct QoQ and 64pct YoY. Export markets contributed 24.6pct of HRC sales, with shipments reaching 26 countries and territories.
Sales of construction steel and high-quality wire rod exceeded 1.3 mln tons in the third quarter, up 2pct QoQ and 26pct YoY. Billet sales reached 383,000 tons, increasing 42pct QoQ.
During the first nine months, HRC sales rose 59pct YoY to 5.47 mln tons, accounting for more than half of the company’s sales of the main steel products covered in the report. Construction steel and high-quality wire rod sales exceeded 4 mln tons, up 15pct, while billet sales increased 69pct to 811,000 tons.
Downstream products also recorded mixed performance. Steel pipe sales rose 9pct YoY to 681,000 tons, while coated steel sales fell 4pct to more than 307,000 tons.
Hoa Phat Group is one of Vietnam’s leading industrial manufacturers, with steel as its core business. By the end of 2026, its crude steel production capacity is expected to reach 16 mln tons per year, ranking first in Southeast Asia and placing it among the top steelmakers globally.