On September 3, despite significant selling pressure on VN-Index, steel stocks experienced notable growth. HSG and NKG hit their daily ceiling with high liquidity. Other steel stocks like TVN and TLH increased by 3% to 5%. From April 2025 lows, several steel stocks have surged by several dozen percent. This growth is primarily due to decreasing steel prices from China and a 16% increase in domestic consumption over the first seven months. Prices of construction steel and HRC also rose since July. Additionally, a recovery in raw material prices like coal and ore is expected to enhance profit margins in the steel sector. In the 2025-2026 period, total profits in the steel industry are projected to increase by 47% and 32%, respectively. Companies like HPG, HSG, and VG Pipe are positively evaluated due to the recovery in steel prices.
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