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08 Nov
11:46

Hoa Phat's production, sales decline in October

Vietnam's leading steel producer Hoa Phat Group saw a sharp drop in production and sales in October, mainly due to the weak domestic and overseas steel demand and a drop in exports. The steel mill stated that it will flexibly adjust production and sales according to the recent dynamics of domestic and overseas consumer markets, and give priority to controlling inventory and operating costs by suspending most blast furnace production (see separate article), Kall…
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