Hoa Phat Group: weakening demand results in sluggish sales
Vietnamese steel giant Hoa Phat Group reported that weakening demand has led to sluggish sales of its products since early this year.
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Feb 2, 2023
Steel makers witness hardships in Q4/2022
Giant steel maker Hoa Phat Group (HPG) recorded a net loss of more than VND 2 trillion (USD 85.3 million) in the fourth quarter,
Jan 27, 2023
Steel demand predicted to decline
Stagnant real estate market and tightened monetary policy will affect steel consumption this year.
Dec 20, 2022
Local steel sector saw gloomy performance in 11 months
Steel production and consumption in the first eleven months of 2022 fell 11.3 percent and 6.8 percent, respectively, year-on-year.
Dec 14, 2022
Steel producers' profit to hit bottom soon
VNDirect expects that the gross profit margin of steel companies will soon recover when most of the high-priced inventory has been recorded
Aug 28, 2022
China's steel industry is in crisis
Steel demand in China has already stagnated because of the downturn in the real estate industry. Many industries experts have lost hope.
Aug 21, 2022
Steel firms urged building capacity for trade defence investigations
Despite the pandemic, the steel industry still posted a rise of 11.3 per cent in steel export to reach US$5 billion with a volume of 4.4 mil
Dec 8, 2021
Steel sector Nov 2021: Prices of iron ore, HRC and construction steel cooled down
Domestic steel prices adjusted down. Domestic consumption in the month decreased compared to Oct.
Nov 7, 2021
Vietnam steel industry Oct. 2021 - Production recovered while consumption is expected to grow
Sales in the month of VSA members also prospered thanks to a strong increase in domestic consumption (>30%) compared to the previous month
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