Pressing issues trouble Hoa Phat Group

Pressing issues trouble Hoa Phat Group

The continuous decline of steel prices, along with the sharp increase in financial expenses under exchange rate pressure, is reducing the profit margins of HPG.
Construction steel sales projected to recover in year-end months

Construction steel sales projected to recover in year-end months

Construction steel sales are predicted to recover in the remaining months of 2020 after a fall in the January-August period due to impacts from the COVID-19 pandemic, according to the Vietnam Steel Association (VSA).
Japanese steel firm buys into local processor

Japanese steel firm buys into local processor

Through the co-operation with construction steel processor QH Plus, Nippon NSSBC aims to develop in Vietnam to counterbalance decreasing steel demand in Japan.