HANOI -- Vietnam's Hoa Phat Group, Southeast Asia's top steelmaker, posted a net loss of nearly 2 trillion dong ($85 million) for the October-December period, staying in the red for a second straight quarter amid declining domestic construction and high raw materials costs.
Materials
Top Vietnam steelmaker Hoa Phat posts Q4 loss on construction slump
Materials costs and weak domestic demand weigh on bottom line
Hoa Phat Group pared back steel output last fall amid a sharp drop in domestic demand. (Photo courtesy of the company)
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