25
Feb
09:21
Hoa Phat profits jump on construction boom
Vietnam’s Hoa Phat Group has reported a 7.8% year-on-year increase in net profits to VND 3.5 trillion ($156.6 million). The re-roller has made the gains despite surging imports as Vietnam’s economy remains one of the fastest growing globally, Kallanish notes.
Production figures for the first eight months of 2015 show a 48% y-o-y in rolled steel production to 924,000 tonnes. The company was also ramping up production at its EAF meltshop, wit…
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Very good overview of the weekly steel market.
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