【SMM Steel】Hoa Sen Phu My Steel Sheet Plant fire has no impact on business operations

Published: May 28, 2026 18:33

Save

【SMM Steel】A fire broke out in the acid regeneration line tower at Hoa Sen Phu My Steel Sheet Plant at 10:00 PM on May 25, 2026. The blaze was extinguished by 10:45 PM through joint intervention by the company's team and police. No injuries occurred and product inventory remained safe. Damage to the auxiliary line was minor and fully insured. The line is isolated from core production sectors, so other lines continued operating without disruption. Hoa Sen Group confirmed no impact on business operations. Authorities are investigating the cause.

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 for 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

3 hours ago

6.22 SMM Global Steel Daily Report

[Vietnam] Dragged down by sluggish trading, buyers in the Vietnamese hot-rolled coil (HRC) market maintain an extremely strong wait-and-see stance. In an effort to stimulate transactions, some Indian sellers have proactively conceded margins by cutting their HRC offers sharply to 550 USD/tonne CFR Vietnam, representing a significant discount from the previous mainstream asking price of 565 USD/tonne CFR. However, due to weak market expectations and highly depressed purchasing intent, this price reduction has still failed to attract any substantial buying interest.

3 hours ago

4 hours ago

[SMM HRC Daily Trading Volume] Spot Transactions Move Sideways

[SMM HRC Daily Trading Volume] On June 22, the total HRC daily trading volume of sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) tracked by SMM was 12,270 mt, up 180 mt (+1.4%) DoD, up 16.41% YoY on a Gregorian calendar basis, and down 11.60% YoY on a lunar basis.

4 hours ago

MMi Daily Iron Ore Report (June 22)

The DCE iron ore futures continued to hit bottom today, with the most-traded I2609 contract closing at 739.5 yuan/mt, down 0.87%. Port spot prices fell by 3-5 yuan/mt from pre-holiday levels.

4 hours ago