Nam Kim Steel


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6 articles for Nam Kim Steel

Vietnam Steel: Positive signs for coated steel exports to Europe

Europe's steel prices have been rising fast with pressures from increasing energy prices and the potential disruption of steel supply from Russia and Ukraine. HRC prices in this area have increased by 35% from US$1,054/ton to US$1,419/ton in the last...
Rong Viet Tu
Tu Pham @ Rong Viet 14 March 2022

Vietnam Strategy: August 2021 – Picking a safe haven at a time of uncertainty

The outperformance of smaller market cap stocks compared with the returns on VN Index in July was generally in line with our expectations. We expect this attractive valuation level to be supportive of a continued rally in H2 21 considering a 33% yoy ...
Rong Viet Lam
Lam Nguyen @ Rong Viet 10 August 2021

Nam Kim Steel: Strong NPAT growth from rising steel prices, inventory and strong demand

We expect NKG to record the highest quarterly NPAT ever in Q2 owing to strong demand overseas, increasing hot-rolled coil (HRC) prices, and higher inventory. We forecast that the company’s revenue and NPAT will reach VND6,113bn and VND503bn in Q2, in...
Rong Viet Tu
Tu Pham @ Rong Viet 24 May 2021

Vietnam steel: Benefiting from the after-effects of the pandemic

Coated steel consumption in Europe and North America has been stronger in Q1 21 due to expectations that economies will recover with Covid vaccine rollout. Many domestic producers will run their factories at full capacity until June to meet the robus...
Rong Viet Tu
Tu Pham @ Rong Viet 7 April 2021

Nam Kim Steel: Benefits from rising steel prices and high overseas demand

H2 volume went up by 16% yoy to offset the 11% decrease in H1 volume as we believe the overall demand is recovering. We expect that NKG can produce at full capacity in 2021 and sell 800,000 tons of products, increasing by 14% yoy. Strong orders from ...
Rong Viet Tu
Tu Pham @ Rong Viet 29 March 2021

Vietnam steel production and consumption in 8M 20 – Visible recovery

The total consumption in the Vietnamese steel market has been lower during the first eight months of 2020 compared to the same period last year, but monthly figures have showed improvement. Many attributed the negative growth in steel consumption in ...
Rong Viet Trinh
Trinh Nguyen @ Rong Viet 24 September 2020


Nam Kim Steel JSC is headquartered in Vietnam. The Company's line of business includes the operation of blast furnaces and steel mills.

Associated topics

Asia Materials Nam Kim Steel Vietnam Equity NKG Hoa Phat Group Europe Tu Pham HSG HPG Trinh Nguyen 2020 Q3