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Hoa Phat's steel sales fell in November

In November, Vietnam's largest steel producer Hoa Phat Group's crude steel output was 384,000 tons, down 43 percent year on year.

Hoa Phat's steel sales fell in November

Steel product sales totaled 443,000 tons, down 30% year on year. Among them, construction steel accounted for 252,000 tons, up 20% compared to the same month of the previous year. Hot rolled coil (HRC) sales decreased 12% year on year to 180,000 tons.

In the first eleven months of this year, the company produced 7 million tons of crude steel, down 6 percent year on year. Meanwhile, sales of construction steel rose 11% year on year to 3.9 million tons, while sales of HRC rose 6% to 2.5 million tons.

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