Vietnam: Hoa Phat’s steel sales, production drop m-o-m in Apr’22

The monthly steel sales of Vietnamese integrated steel major Hoa Phat dropped by 28% in Apr’22 to 0.60 mnt as against 0.83 mnt in Mar’22. High construction steel inventories in the market from last month weighed on the sales volumes, as per the company’s press release. Meanwhile, crude steel production declined by 3% to 0.73 mnt in April against 0.76 mnt in March.