Vietnamese steelmaker Hoa Phat has announced that it has produced the five millionth mt of hot rolled coil (HRC) at its Hoa Phat Dung Quat Steel Integrated Complex since May 2, 2020.
The company exportsHRCto markets such as the US, Mexico, the EU and Malaysia, in addition to meeting domestic customers’HRCdemand.
The company stated that it will implement the Hoa Phat Dung Quat 2 Iron and Steel Complex project with an annual capacity of 5.6 million mt ofHRC, bringing its total annualHRCcapacity to 8.6 million mt from 2025.
Hoa Phat Dung Quat Steel Integrated Complex has an annual production capacity of 3.5 million mt ofHRC, low carbon steel grade, low carbon high strength low alloy steel, medium carbon steel grade and medium carbon high strength low alloy steel.