06
Dec
09:01
Hoa Sen consolidates around steel
Vietnam’s Hoa Sen Group says it intends to consolidate its business around the steel industry and cut back on its investments in other sectors. The company’s financial burdens were exacerbated by a downturn in Vietnamese share prices earlier this year and it is now retreating back to its core business, Kallanish notes.
Hoa Sen has also said it has managed to pay down some VND 3.1 trillion ($136 million) of its debts since the end of June, bringing ou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous