Buoyant steelmakers still hoping for more 17:10 | 02/03/2021
Listed steel companies announced breakthrough business results in the fourth quarter of 2020, enticing potential investment in the sector, and ending a successful year that they could hardly have imagined after the first period of the year was negatively affected by the pandemic outbreak.
The results were contributed by recovered domestic consumption and steel export benefits. In the stock market, the shares of listed firms witnessed strong growth, such as Hoa Phat Group (HPG) up 114 per cent, Hoa Sen Group (HSG) up 193 per cent, and Nam Kim Steel (NKG) up 122 per cent at the end of the year (see chart).