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Vietnam steel industry
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Steel producer Pomina reports loss
Pomina Steel has reported a loss of VND1.127 trillion (US$48 million) for 2022, adding another name to the list of steel giants in the red.
Steel giants report huge losses in Q4
A drop in prices and consumption put major steel businesses Hoa Phat, Nam Kim and VNSteel in the red in the fourth quarter of 2022, dragging their annual results to the lowest level in many years.
Steel prices continue to fall unrelentingly
Steel prices have fallen to around VND14 million ($570) per ton, the same as in late 2020 when the market was at its most sluggish.
October 18, 2022 | 06:21 pm PT
