Hanoi (VNA) – The Hoa Phat Group is scheduled to ship 6,500tonnes of steel to Australia in May, the highest-ever export volume to themarket in a month.
The group said its steel exports to Australia has surged after theAustralia Anti-Dumping Commission (ADC) ended investigation into antidumpingcharges against Hoa Phat and other steel producers of Vietnam as it found noviolations.
In the previous years, Hoa Phat received orders for an average of 3,000tonnes of steel from Australia each month.
Last year, Hoa Phat exported 36,000 tonnes of rolled steel and steelbars to Australia and received no complaint from Australian customers. Sinceearly April 2018, its export volume has reached 4,200 tonnes.
With good signals from the Australian market following the ADC’sdecision, the group expects even higher growth in the market in the future.
Australia is the world’s biggest exporter of iron ore with high quality.Last year, Hoa Phat partnered with four biggest iron ore suppliers of Australiato ensure the long-term supply of materials for its plants, especially Hoa PhatDung Quat iron and steel production complex in the central Quang Ngaiprovince.-VNA
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Illustrative image (Source: VNA) 
