steel - các bài viết về steel, tin tức steel

Vietnams steel major Hoa Phat 'confident' about China competition

Senior officials of major Vietnamese steel maker Hoa Phat are confident that the company can deal with Chinese competition, given the attention they’ve paid to their costing.

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

How leading Thai Nguyen-based firm Thai Hung has constantly expanded

As a leading enterprise in the northern province of Thai Nguyen, Thai Hung Trading JSC has amassed a large area of land and set up strong relationships within the locality.

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

VAFIE introduces investment opportunities to Chinese delegation

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) hosted a business delegation from China’s Chongqing city Thursday and provided information about investment opportunities.

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

Steel giant Hoa Sen targets after-tax profit of $20.3 mln in 2023-2024 fiscal year

Multi-sector group Hoa Sen is targeting VND400-500 billion ($20.3 million) in after-tax profit in the 2023-2024 fiscal year, significantly higher than the VND30 billion recorded the previous year.

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

Vietnam steel companies’ 2024 profits to recover from low bases

Most listed Vietnamese steel businesses reported year-on-year declines in net revenue and net profit last year, but their profits are expected to grow well in 2024.

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

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Vietnam’s top steel maker, Hoa Phat Group, expects to carry further forward the year-on-year progress it made in 2023 with improved sales and better prices this year.

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

DaiDung Corporation concludes 2023 with remarkable achievements

In December 2023, DaiDung Corporation (DDC) marked the end of a successful and vibrant year, showcasing solid progress and notable events. Let's recap the significant activities undertaken by DDC during this period.

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

Vietnam steel maker SMC targets $3.3 mln profit in 2024

Steel manufacturer SMC Trading Investment JSC has set a goal of earning VND80 billion ($3.3 million) in profit in 2024, a positive figure compared to a serious loss of VND586 billion ($24.15 million) recorded in the first nine months of 2023.

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

Steel producer Pomina battles mammoth debts

Vietnamese steel firm Pomina has found itself in a crisis with VND2.2 trillion ($90.67 million) and VND922 billion ($38 million) in overdue bank and supplier debt respectively, and many of its owners have had to sell millions of shares to clear debts with suppliers.

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

Vietnam's No.1 steelmaker Hoa Phat posts 5-quarter high Q3 profit

Stable raw material prices and improved sales helped Hoa Phat Group, Vietnam's largest steelmaker, earned a post-tax profit of VND2 trillion ($81.37 million) in the third quarter of 2023, the heftiest in five quarters.

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

Vietnam steelmakers report losses in Q3

A number of steel producing companies in Vietnam reported losses in the July-September quarter, a situation already anticipated by securities companies.

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

Beer-maker dethrones steelmaker as biggest domestic tax payer in central Vietnam province

Saigon-Ha Tinh Beer has surpassed Taiwan-invested Formosa Ha Tinh Steel Corporation (FHS) to become the biggest Jan-Sept domestic taxpayer in the central province of Ha Tinh.

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

Six commodity groups to gain from Vietnam-US relationship upgrade

Six commodity groups will particularly benefit from a trading uptick as a result of Vietnam-U.S. relations being elevated to a comprehensive strategic partnership.

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

Steelmaker Hoa Phat welcomes first container ship to new port

The Hoa Phat Dung Quat general container port, invested by Vietnam’s biggest steelmaker Hoa Phat Group, welcomed its first container ship on Sunday.

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

Vietnam steel industry still faces huge difficulties in Q3: KIS Securities

The third quarter of 2023 will be another challenging period for Vietnamese steel producers as market demand is forecast to remain weak due to the rainy season and falling prices that will affect companies’ profit margins.

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

Hoa Phat Group hands over first shipment of 100 containers

Hoa Phat Container Manufacturing JSC, a subsidiary of steel giant Hoa Phat, on Friday handed over a shipment of 100 20-foot containers to the Ho Chi Minh City-based New Way Lines Co., Ltd.

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

Vietnam’s major steel producers report Q2 profit plunge

Three of the nation’s steel majors - Hoa Phat Group, Hoa Sen Group and Nam Kim - have reported significant profit declines in the second quarter of this year, while Vnsteel has posted a loss.

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

Posco’s Vietnam subsidiary records $9 mln operating profit in H1

Posco Yamato Vina Steel JSC, a subsidiary of South Korea’s major steelmaker Posco, recorded operating profits of $5 million in the first quarter and $4 million in Q2 of this year.

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

Steel sales in Vietnam fall 17.5% to 12.5 mln tons in H1

Steel sales in Vietnam fell 17.5% year-on-year to 12.48 million tons in the first half of this year, according to a report by the 100-member Vietnam Steel Association (VSA).

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

Steelmaker Tisco posts fourth consecutive quarter loss

The Thai Nguyen Iron and Steel JSC (Tisco) has reported its fourth consecutive quarter after-tax loss of VND99 billion ($4.2 million) in Q2/2023.

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

Steelmaker Posco Vietnam posts $30 mln loss in 2022

Posco Vietnam Co., Ltd., a wholly-owned subsidiary of South Korean steelmaker Posco Holdings, recorded a net loss of KRW39.73 billion ($30.44 million) in 2022 against a net profit of KRW42.19 billion ($32.44 million) in 2021.

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

Formosa Ha Tinh Steel suffers 2022 loss of $320 mln in Vietnam

Formosa Plastics Group’s turnover from its Vietnam activities fell 12% year-on-year to TWD158.1 billion ($5.1 billion) in 2022, and Formosa Ha Tinh Steel posted a loss of TWD10 billion ($322 million), according to the Taiwan-based giant’s annual report for last year.

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

Top steelmaker Hoa Sen appoints deputy general director

Steel producer Hoa Sen Group appointed Nguyen Minh Phuc as its deputy general director of production on Thursday after he completed his probationary period from February 21, 2022 to May 10, 2023.

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

Binh Dinh province eyes 500ha port for controversial steel project

Binh Dinh province is seeking the Ministry of Planning and Investment's appraisal for a 497-hectare port project to serve the planned mega Long Son Iron and Steel Complex, which has sparked environmental concerns among local residents.

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

Steelmaker Tung Ho Vietnam secures $25 mln finance from Standard Chartered

Standard Chartered Vietnam announced Friday the signing of a transition trade finance facility sized at $25 million to support Tung Ho Steel Vietnam Corp.

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

China-invested steelmaker commences $125 mln plant in central Vietnam

Yongjin Metal Technology (Vietnam) Company Limited, a subsidiary of China-based Yongjin Metal, kicked off the construction of a $125 million factory in the central province of Nghe An on Friday.

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

Steel giant Vnsteel's Q1 profits drop 65%

Vietnam Steel Corporation (Vnsteel), the country's leading steelmaker, reported an after-tax profit of VND67.9 billion ($2.9 million) in the first quarter of 2023, falling 65% year-on-year.

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

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

Top steelmaker Hoa Phat posts Q1 profit after two loss-making quarters

VN-Index loses 7 points on strong selling pressure

The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), dropped 6.51 points, or 0.63%, to 1,034.85 on Tuesday due to strong selling pressure in the afternoon.

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

Major steel producer VAS exports first batch to US

VAS Group, one of the biggest steel producers in Vietnam, has exported its first batch to Houston, the U.S. from Nghi Son International Port in the central province of Thanh Hoa.

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

Long Son iron project stirs up public concern

Information about the "great project" of Long Son Iron and Steel Complex and its specialized port has caused public concern in the central province of Binh Dinh about the risk of environmental pollution and damage to natural landscapes and relics.

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

Vietnam's steel sector sees light at end of tunnel: Hoa Phat executive

Vietnam's steel sector has endured a difficult period, but the worst days are over, according to Tran Dinh Long, chairman of Hoa Phat Group, the biggest Vietnamese steel producer, as its performance improved from a loss in January to a profit in March.

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

Audit doubles major steel maker Nam Kim's loss to $5 mln in 2022

Nam Kim Steel made a loss of nearly VND125 billion ($5.32 million) in 2022, two times more than previously reported.

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

Vietnam steel sales fall 23% to 3.9 mln tons in Jan-Feb

Steel sales in Vietnam fell 23.2% year-on-year to 3.85 million tons in the first two months of this year, including one million tons for export, down 10.4%, according to the 100-member Vietnam Steel Association (VSA).

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

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