On May 30, HPG shares of Hòa Phát Group saw a record trading volume as 26 million shares were settled within the first 30 minutes, exceeding the previous day’s total by 10 million shares. HPG’s stock price rose approximately 3%, reaching 26,300 VND per share. Other steel stocks such as POM, TNS, and TLH also experienced positive movements. Concurrently, Hòa Phát signed a contract with SMS Group (Germany) to produce rail and special steel with an annual capacity of 700,000 tons. The production line is expected to be completed in 20 months and will manufacture special steel products such as high-speed railway rails, serving key national projects and export. This positions Hòa Phát as the only Southeast Asian company producing high-speed railway steel.
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