In Q2 2025, Hoa Phat Group produced 2.5 million tons of crude steel, unchanged from Q1 but up 10% year-on-year. Total sales reached 2.6 million tons, an increase of 9% from the previous quarter and 18% from last year. Notably, hot-rolled steel (HRC) sales surpassed 1.1 million tons for the first time, an increase of 18% from Q1. Hoa Phat also recorded sales of 1.3 million tons of construction steel and quality steel, up 7% from the previous quarter. In the first six months of 2025, the company produced 5.1 million tons of crude steel, a 17% increase from last year, with total sales hitting 5 million tons, up 23%. HRC contributed 2.2 million tons, a 42% increase from the first half of 2024, while construction steel reached 2.5 million tons, an 11% increase. Hoa Phat holds a 38% market share in Vietnam’s construction steel and is completing the No. 6 blast furnace at Dung Quat Steel Complex 2, aiming for an annual output of 16 million tons.
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