Hoa Phat reported a 19% m-o-m decrease in sales of steel products like billets, construction steel, and HRCs to 518,000 t in Feb’24. However, its crude steel production was stable m-o-m at 690,000 t against Jan’24. The cumulative crude steel production during Jan-Feb’24 was 1.38 mnt, up by 71% y-o-y. Cumulative sales volume of steel products stood at 1.15 mnt, up by 32% y-o-y for the same time period.
