Hoa Phat Group reports 35% increase in steel production for first nine months of 2026

Hoa Phat Group, Southeast Asia’s largest crude steel producer, reported significant growth in its production and sales volumes for the first nine months of 2026. During this period, the group produced 10.7 million tons of crude steel, representing a 35% increase compared to the same nine-month period in 2025.

Total sales volume for hot rolled coil (HRC), construction steel, high-quality steel coils, and steel billets reached 10.3 million tons, up 39% year-on-year. HRC was the largest contributor, with 5.47 million tons sold, accounting for more than half of the group’s total steel product sales. Exports accounted for 24.6% of the total volume, with HRC being shipped to 26 different countries and territories.

In the third quarter alone, the group produced 3.7 million tons of crude steel. Sales of construction steel and high-quality coils exceeded 1.3 million tons, while steel billet production reached 383,000 tons. The group’s current crude steel production capacity stands at 16 million tons per year, with over 60% of output consisting of high-quality steel for sectors such as automotive, shipbuilding, and energy.