Power & Energy
Hoa Phat Dung Quat Steel
Hoa Phat Dung Quat Steel Joint Stock Company was established in February 2017, with a chartered capital of 30,000 billion VND, and is the investor in the construction and operation of the Hoa Phat Iron and Steel Production Complex in Dung Quat Economic Zone, in the province of Quang Ngai. This is an important strategic project that, once completed, will ensure the position as a leading steel producer in Southeast Asia for the Hoa Phat Group. The Hoa Phat Dung Quat Iron and Steel Production Complex has been designed with a capacity of 4 million tons a year, the main products being construction steel, high quality coils and products like hot rolled steel coils. Hoa Phat applies a closed blast furnace technology which is similar to a model successfully deployed in Hai Duong province, but with more clear advantages and with more modern equipment imported from the world’s leading manufacturers. Hoa Phat Dung Quat Iron and Steel Complex will include a deep-water seaport system that allows ships of 200,000 tons to dock, easily transport input materials and output products to domestic and foreign markets.