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Vietnamese steel giant Hoa Phat Group saw a 32% rise in sales volume of steel products in the first two months of this year, the firm reported. In the January-February period, Hoa Phat sold 1.15 million tonnes of hot rolled steel products (HRC), construction…
Hoa Phat Group, Vietnam’s biggest construction steel firm, posted net losses of nearly VND2 trillion ($84.7 million) in Q4 last year, higher than the losses of roughly VND1.8 trillion in Q3. The company’s losses in Q3 was its first quarterly loss in 13 years.…
Hoa Phat Group’s sales plummeted by 42% year-on-year in October to 492,000 tons as domestic and global steel demand continued to fall. According to monthly data from Vietnam’s largest steel company, this is its lowest sales volume since February 2021.…
Vietnam’s biggest steelmaker Hoa Phat Group said post-tax profits were up 2.5 times last year to VND34.52 trillion ($1.52 billion). The company sold 8.8 million tons of steel during the year, a 35 percent increase. It accounted for nearly a third (32.6…
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