Nam Kim Steel

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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...

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 ...

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...

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...

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 ...

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 ...