Orbis Turkish Scrap Forecaster Orbis Turkish Scrap Forecaster

Orbis HRC CIS Export Forecaster Orbis HRC CIS Export Forecaster

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In August, the sales volume of billet products, construction steel and HRC totaled 628,000 mt. The company’s construction steel sales in August amounted to 233,000 mt, increasing by 44 percent year on year, while its HRC sales totaled 233,000 mt, decreasing slightly compared to August 2021.

In the given month, the company’s pipe sales amounted to about 64,000 mt, up by 60 percent, while its galvanized sheet sales amounted to 28,000 mt, down by five percent, both year on year.

Hoa Phat expects the steel consumption market to become positive by the end of the year as the government has taken a number of measures during the peak construction season to boost public investment spending and progress on major projects.