Following a recovery in mid-April, steel stocks have remained stagnant due to concerns over external uncertainties affecting business operations. Recently, securities firm NHSV forecasted the second-quarter business results for several major steel enterprises. Hòa Phát (HPG) is expected to achieve a net profit of approximately 3.898 trillion VND, up 17.4% due to rising steel prices and a vibrant domestic market. Sales volumes for HPG in the first four months of the year have all shown significant increases. Hoa Sen (HSG) is projected to earn about 263 billion VND, a decrease of 3.7% due to reduced exports amid protectionist measures. However, with a large domestic store network, HSG retains competitive advantages. Nam Kim (NKG) is expected to reach a profit of about 159 billion VND, down 27.5% due to tariffs and fierce competition, compounded by increased costs from expansion investments.
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