Ground has been broken for a massive expansion project that will add an electric arc furnace to the AM/NS Calvert steel mill north of Mobile.

The group said it shipped about 10,000 tonnes to its partners in Belgium and Spain during January.

Adjusted year-to-date production through February 13, 2021 was 10,808,000 net tons, at a capability utilization rate of 75.9 percent.

The company's average capacity utilisation was 96% during the month of January 2021.

Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent.

The lab in Taiyuan, the provincial capital, was jointly built by the Shanxi provincial government, Huawei Technologies Co., Ltd., and two local enterprises.

In the contrary, the mining industry posted a decrease of 6.2 percent.

The group also enjoyed spectacular growth in agriculture which made up 11.7 percent of its revenue and 12.4 percent of after-tax profit.