Hoa Phat Group | Vietdata Research

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.

Steel enterprises expect to prosper again in the second half of 2023

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

Construction steel prices increased for the 4th consecutive time in less than 1 month.

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.

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,

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