【SMM Steel】Hoa Phat Group achieves 90% energy self-sufficiency via green solutions

Published: May 26, 2026 16:55

Save

【SMM Steel】Hoa Phat now generates ~90% of its production electricity internally, keeping grid reliance at 10% for backup. Deputy Director Nguyen Do Dung said using waste heat and gases for power cuts costs by trillions of Vietnamese dong annually without consuming fossil fuels. The group also integrates energy-efficient equipment and recycles saturated heat across its major steel complexes. Hoa Phat plans to install 100 MWp of rooftop solar systems by year-end, including a 79.2 MWp project at Dung Quat.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SMM Ningbo HRC Inventory] Inventory Decline Narrowed This Week

Ningbo HRC large-sample inventory was 417,000 mt this week, down 4,000 mt WoW, down 0.95% WoW, and up 20.17% YoY on a lunar calendar basis.

Common.Time.minsAgo

[SMM Shanghai HRC Inventory] Shanghai Inventory Decline Slowed Down This Week

Shanghai HRC inventory this week was 435,600 mt, down 21,800 mt WoW, a decrease of 4.77%; up 47.36% YoY (solar calendar), and up 44.00% YoY (lunar calendar).

Common.Time.minsAgo

Common.Time.hoursAgo

[SMM Zhangjiagang HRC Inventory] Zhangjiagang Inventory Decline Slowed Down This Week

Zhangjiagang HRC inventory was 293,000 mt this week, down 5,000 mt WoW, a decline of 1.68%; the YoY decline was 7.86% on a solar calendar basis and 25.63% on a lunar calendar basis.

Common.Time.hoursAgo