Vietnam: Hoa Phat’s steel sales drop 6%, m-o-m, in July

Vietnamese integrated steel major Hoa Phat’s steel sales stood at around 526,000 tonnes (t) in Jul’22, down 6% against 560,000 t in Jun. Low buying interest amidst softening of global steel prices and the onset of the south-east monsoon have been among the major factors impacting sales. In Jan-Jul’22, sales volumes stood at 4.5 mnt, up 5% y-o-y, as per company’s press release.