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Local steelmakers red hot on investment 17:33 | 28/04/2021 Vietnam’s steel industry is now ranked in the top 15 biggest worldwide, photo Le Toan In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwan’s Hung Nghiep Formosa Ha Tinh to become Vietnam’s largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year. This success has shown the growth of domestic steel enterprises, breaking the monopoly created in 2018 when Formosa Ha Tinh became the leading crude steel producer with estimated output of over five million tonnes of crude steel, double Hoa Phat’s crude steel production, and reaching 3.44 million tonnes of hot rolled steel. Formosa was the only company in the domestic market that could produce hot rolled coil (HRC) at the time.

United statesQuang ngaiQu ng ngãvmRepublic ofThai nguyenPosco yamoto vinaTran tuan duongDinh van chungHoa senNguyen van suaChi minh city metal corporationHoa phat groupTien len steel groupHung nghiep formosa ha tinhFormosa ha tinhHoa phat