The report from MB Securities predicts domestic steel production in Q3 2025 will continue to grow, reaching 6.3 million tons, mainly from construction steel and HRC. Construction steel production is projected to rise by 10%, while HRC is expected to increase by 48% due to domestic firms’ market share growth. However, steel exports may decline by 10% due to weak demand in the EU and US. MBS anticipates a slight recovery in steel prices, with HRC and construction steel increasing by 2% and 3%, respectively. Notably, Hoa Sen Group is expected to achieve a post-tax profit of 260 billion VND in Q3, a 244% increase year-on-year; Hòa Phát may reach 4.7 trillion VND, a 56% increase; while Tôn Đông Á and Nam Kim forecast profits of 75 billion and 90 billion VND, growing 42% and 38% respectively. These figures indicate a recovery in the domestic steel industry.
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