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Increasing numbers of steel mills seek income flow through property investment, but executing this approach on a significant scale remains tricky. ....
Steel tycoon’s son considers major business deal Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 20/05/2021
15:05 GMT+7 The family of Vietnam’s steel tycoon Tran Dinh Long will mark a turning point in power if Long’s son successfully buys more shares of Hoa Phat Group (HPG). Hoa Phat Group (HPG), one of the largest steel producers in Vietnam, has announced an internal transaction. Accordingly, Mr. Tran Vu Minh, son of Hoa Phat Group’s chairman Tran Dinh Long, has registered to buy 5 million HPG shares from May 21, 2021 to June 18, 2021. If this deal is successful, Minh will hold 53 million shares, equivalent to 1.6% of Hoa Phat Group’s shares. ....
Local steelmakers red hot on investment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 02/05/2021
06:32 GMT+7 Over recent months, the steel market has retained positive momentum after its recovery in mid-2020, helping many steel producers record a strong performance in the first quarter of 2021. Vietnam’s steel industry is now ranked in the top 15 biggest worldwide In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwan’s Hung Nghiep Formosa Ha Tinh to become Vietnam’s largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year. ....
Local steelmakers red hot on investment 17:33 | 28/04/2021 Vietnamâs steel industry is now ranked in the top 15 biggest worldwide, photo Le Toan In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwanâs Hung Nghiep Formosa Ha Tinh to become Vietnamâs largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year. This success has shown the growth of domestic steel enterprises, breaking the monopoly created in 2018 when Formosa Ha Tinh became the leading crude steel producer with estimated output of over five million tonnes of crude steel, double Hoa Phatâs crude steel production, and reaching 3.44 million tonnes of hot rolled steel. Formosa was the only company in the domestic market that could produce hot rolled coil (HRC) at the time. ....
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). ....