Hoa Phat, a major industrial group in Vietnam, said it is preparing its shipment of 6,000 tonnes of high-quality rolled steel to Japan.

The steel is prepared to be shipped to Japan (Photo: VNA)

This is the first shipment to Japan carried out by Hoa Phat’s newly opened Hoa Phat Dung Quat Iron and Steel Production Complex in the central province of Quang Ngai. Prior to the complex opening, Hoa Phat’s overseas shipments were often sent via the Hai Phong port in the northern city of Hai Phong.

The steel will be delivered to four ports in Japan using two shipping vessels.

Last year, Hoa Phat’s rolled steel exports to Japan soared 20 times to over 58,500 tonnes. In the first five months of 2019, the group’s total steel exports to the market are estimated to reach 22,000 tonnes. 

The Hoa Phat Dung Quat complex is designed to have a total of 11 ports, able to handle up to 32 million tonnes of goods each year.