The steel stocks face challenges due to external uncertainties. The predicted Q2/2025 business results for companies like Hòa Phát (HPG), Hoa Sen (HSG), and Nam Kim (NKG) show significant fluctuations. HPG’s projected net profit is approximately 3.898 trillion VND, up 17.4% due to rising steel prices and favorable domestic demand. HSG is expected to achieve 263 billion VND, down 3.7% due to trade protection affecting exports, but retains competitive advantages domestically. In contrast, NKG’s profit is estimated at only 159 billion VND, down 27.5% due to export taxes and rising input costs. Nam Kim’s wholesale model, along with factory expansions and increased costs, may negatively impact profitability.
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