On August 5, 2025, the second oxygen blow furnace (BOF) and the RH vacuum refining furnace of the Hoa Phat Dung Quat 2 Integrated Steel Production Project officially commenced operations. With these furnaces, Hoa Phat can produce steel grades that meet the highest quality standards in the world.
Both the BOF and RH furnaces were designed, manufactured, and supplied by the SMS Group from Germany. The BOF furnace has a capacity of 300 tons per heat and a daily production capacity of 9,000 tons of steel with minimal impurities.
The operation of the oxygen blow furnace and the RH refining furnace marks a crucial step towards the activation of the project’s second blast furnace and the completion of the entire project by September 2025.
The Hoa Phat Dung Quat 2 project features a blast furnace with a volume of 2,500m3, double the size of the Dung Quat 1 furnace, and improved energy efficiency. Hoa Phat has also invested in exceeding current environmental standards, particularly in reducing CO2 emissions and energy consumption.
The Hoa Phat Dung Quat 2 Integrated Steel Production Project utilizes state-of-the-art technology from European and G7 partners, including SMS (Germany) and Primetals (UK). In May 2025, Hoa Phat and SM signed a contract for the supply of technology and production lines for rail and shaped steel with an annual capacity of 700,000 tons.
In mid-June, Hoa Phat Dung Quat commissioned the second thick steel plate casting machine, achieving a daily casting capacity of 20,000 tons of thick plates.
In addition to producing conventional HRC, the Hoa Phat Dung Quat 2 project specializes in high-end HRC products for the manufacturing, automotive, food, petrochemical, and household industries.
With the completion of the Hoa Phat Dung Quat 2 project in September 2025, Hoa Phat’s total steel production capacity will reach 16 million tons per year, including 9 million tons of hot-rolled coil, fully meeting the domestic market demand for this product.
Hòa Phát Approved for $146 Million Investment Boost for Hòa Phát Dung Quất 2, Increasing Annual Capacity by 500,000 Tons
The latest adjustments to the Dung Quat 2 project will boost annual capacity to 6.1 million tons of products, comprising 5.6 million tons of hot-rolled coil (HRC) steel and 500,000 tons of high-quality wire rod steel.
Why is Vietnam Spending $1 Billion on Rice Imports in Just 7 Months?
It may come as a surprise to many that Vietnam, a country renowned for its rice production, is spending billions of dollars on rice imports. With these substantial imports, the country is poised to become the second-largest rice importer in the world.
“Billionaire Tran Dinh Long’s Overseas ‘Fact-Finding’ Mission: Hoa Phat Produces Europe-Standard Rail Steel for the North-South High-Speed Railway.”
“Hoa Phat has successfully produced steel with a hardness level of 10, which is impressive considering that even the steel used for high-speed railway tracks is rated at a hardness of just 8.”
The Power of Persuasive Writing: Crafting a Compelling Headline for “Hòa Phát Leaders Explain Why 9T2024 Profit Margins Are Nearing Historic Levels, with Peak Debt Expected Next Year”
“The leaders at Hoa Phat shared that the depreciation of the Dung Quat 2 plant did not significantly impact the conglomerate’s profits.”
The Battle for Survival: Formosa’s Struggles and Hà Tĩnh’s Revenue Shortfall
The Formosa Ha Tinh Steel Corporation has faced significant challenges in its business operations during the first few months of this year, resulting in a negative impact on the provincial budget revenue.
