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Monday, June 24, 2024

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Hoa Phat Group

Steel producers call for anti-dumping investigation of HRC products

HCMC – Steel manufacturers in Vietnam, including Formosa and Hoa Phat, have proposed initiating an anti-dumping investigation of hot-rolled coil (HRC) steel imports from...

Hoa Phat’s after-tax profit plunges to six-year low

HCMC – Vietnamese conglomerate Hoa Phat Group JSC (HOSE: HPG) posted substantial net profit in the final quarter of last year but its after-tax...

Hoa Phat Group’s business performance improves

HCMC – Local steelmaker Hoa Phat Group, whose HPG shares are traded on the Hochiminh Stock Exchange, has reported net profit of over VND1.4...

Steel prices in downward spiral

HCMC – Construction steel prices in Vietnam have continued to fall as demand has remained weak. Hoa Phat Group, which holds a 40% share of...

Hoa Phat steel sales improve in May

HCMC – Sales of local steelmaker Hoa Phat Group’s (HPG) construction steel, hot rolled coils (HRC), and billets amounted to 530,000 tons in May,...

Demand for construction steel remains low

HCMC – Despite falling prices, sales of made-in-Vietnam construction steel posted a double-digit slump in April, the second lowest since 2022. Data from the Vietnam Steel Association...

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