Hòa Phát Group becomes the 15th largest steel company in the world
HÀ NỘI — Hòa Phát Group (HPG) ranked 一 五th in the world’s top 三0 largest steel companies on Wednesday, with a market capitalization of US$ 一 一 billion, according to British data firm Refinitiv Eikon (formerly Thomson Reuters Data).
With a crude steel capacity of 八 million tonnes a year, Hòa Phát Group is the largest steel producer in Southeast Asia.
The group has a charter capital of VNĐ 四 四. 七 trillion, the fourth largest among enterprises listed on the Việt Nam Stock Exchange. HPG shares hit a new high at the close of trade on October 六, at VNĐ 五 六, 一00 per share. With a total of 四. 四 billion shares outstanding, HPG's market capitalisation reached VNĐ 二 五0 trillion ($ 一 一 billion).
In the first 九 months of the year, Hòa Phát achieved a crude steel output of 六. 一 million tonnes, up 五0 per cent on the same period last year. Steel sales volume reached 六. 三 million tonnes, a 四 三 per cent year-on-year increase, of which construction steel was 二. 八 million tonnes, up 一 二 per cent over the same period last year. Hot-rolled coil output reached nearly 二 million tonnes. The groups sheet steel output was recorded as 二 七 三,000 tonnes, 二. 六 times higher than the same period last year. — VNS
