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22 Nov
11:24

Vietnam's steel industry profits to recover in 2024

Vietnam's steel companies' profits are expected to see a 40% rise next year, as selling prices and gross profit margins will recover in 2024, Vietnam's MB Securities Joint Stock Company (MBS) said in its latest research report. The company predicts that domestic construction steel prices in Vietnam will reach VND 15 million/tonne ($619/t) in 2024, which represents a year-on-year growth rate of 8%. Positive developments in the global steel market and a …
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