Steel prices to rise this year, but not significantly: trading floor exec

Steel prices to rise this year, but not significantly: trading floor exec

Several domestic and international factors will push steel prices up this year, but not by much, said Nguyen Ngoc Quynh, deputy general director of the Mercantile Exchange of Vietnam (MXV).

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major steel producers report mixed Q1 profit results

Major steel producers report mixed Q1 profit results

Steel producer Hoa Sen Group reported a profit increase of 7% year-on-year from January-March, while Nam Kim made a loss for the third consecutive quarter and Hoa Phat Group posted a 21-fold profit decrease.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dragon Capital becomes major shareholder in top steelmaker Hoa Sen

Dragon Capital becomes major shareholder in top steelmaker Hoa Sen

Leading fund management company Dragon Capital has bought a further 1.1 million shares in Vietnam's leading steel sheet producer Hoa Sen, raising its ownership ratio from 4.86% to 5.05%, equivalent to more than 30.1 million shares.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Top steelmaker Hoa Sen's 2022 profit drops 94% to $11 mln

Top steelmaker Hoa Sen's 2022 profit drops 94% to $11 mln

Hoa Sen Group, Vietnam's leading steel sheet producer, reported after-tax profit of VND251 billion ($10.7 million) in the fiscal year 2021-2022 from October 1, 2021 to September 30, 2022, down 94% year-on-year and fullfilling 10% of its target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Top Vietnam steelmakers record sharp sales drop

Top Vietnam steelmakers record sharp sales drop

Sales of Vietnam's leading steel producers has plunged sharply due to falling demand and domestic supply surplus.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steelmaker Hoa Sen plans $43 mln charter capital increase

Steelmaker Hoa Sen plans $43 mln charter capital increase

Hoa Sen Group, Vietnam's leading steel sheet producer, plans to issue nearly 100 million shares to pay dividends, equivalent to a VND1,000 billion ($42.62 million) increase in its charter capital.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7