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Hoa Phat Group

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Demand for construction steel remains low

Dat Thanh -
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...
Stock Market

Hoa Phat steel sales in April drop 24% y-o-y

Dat Thanh -
HCMC – Though local steelmaker Hoa Phat Group ramped up production in April, with raw steel output rising 19% month-on-month to 525,000 tons, its...
Stock Market

Hoa Phat reports business improvement in Q1

Dat Thanh -
HCMC – Despite a year-on-year plunge of 39% in revenue, local steelmaker Hoa Phat Group made a turnaround after six months of losses with...
News

Steel prices inch down

Dat Thanh -
HCMC – Weak demand has driven down steel prices, which now range from VND15.6 million to VND15.9 million per ton. Local steelmaker Hoa Phat Group,...
Stock Market

Hoa Phat Group to go all out for Dung Quat 2 project

Dat Thanh -
HCMC – Local steelmaker Hoa Phat Group (HPG) will refrain from new investment activity to channel all resources into the Hoa Phat Dung Quat...
Trade

Local steelmakers face losses despite steel price rise

Dat Thanh -
HCMC – Steel prices have risen by as much as VND1 million per ton since the beginning of the year, but steel manufacturers have...
Corporate

Hoa Phat to ship first batch of long steel to Europe

Nhu Phu -
HCMC – Steelmaker Hoa Phat Group has cut a deal to export 10,000 tons of steel wire rods to Europe, marking the firm’s first...
News

Steel sales plunge to two-year low

Dat Thanh -
HCMC – Vietnam’s steel sales in October slid to a two-year low amid the woes faced by the real estate industry. The country’s steel production...
News

Steel industry woes may last until mid-2023

Dat Thanh -
HCMC – Steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next...
Other News

Vietnam steel industry to grapple with falling demand

Dat Thanh -
HCMC – Domestic steel demand have plunged, leading producers to sit on huge inventories. Output of finished steel products totaled over 2.4 million tons in...
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