Vietnamese steel giant Hoa Phat Group reported that weakening demand has led to sluggish sales of its products since early this year.

Since mid-2022, steel enterprises have continued to face difficulties and profits have declined due to impacts from domestic and

From 7-2, the selling price of all kinds of steel continued to increase. This is the 4th price increase in less than 1 month.

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,

VNDirect expects that the gross profit margin of steel companies will soon recover when most of the high-priced inventory has been recorded