Hoa Phat Group sparks growth in steel industry


It is estimated that in the fourth quarter of 2023, the industry’s total profits will reach about 2.5 trillion dong, up 22% from the previous quarter. — Vietnam News

HANOI: Following a period of difficulty, the steel industry is currently seeing encouraging signals as listed steel companies have experienced growth in total profits for the second quarter in a row compared to the previous corresponding quarter.

It is estimated that in the fourth quarter of 2023 (4Q23), the industry’s total profits will reach about 2.5 trillion dong, up 22% from the previous quarter and a significantly more positive outlook than the loss of over 5 trillion dong recorded in the same period of 2022.

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