News about HSG

Union Commerce and Industry Minister Piyush Goyal on Thursday criticised the EU’s carbon tax on steel at the Berlin Global Dialogue, saying the bloc was “inviting disaster” by adding costs that could raise living costs and weaken industrial competitiveness. He said the Carbon Border Adjustment Mechanism (CBAM), along with a 50% import duty on steel, could make steel, aluminium and cement more expensive and affect infrastructure projects such as ports, airports and highways. Goyal warned that such regulations could prompt reciprocal measures from trading partners, hurting European businesses. He also noted that India accounts for only 3-3.5% of global carbon emissions despite supporting around 17% of the world’s population.

A series of steel companies reported sharply higher profits for the third quarter of 2026. TISCO (TIS) posted net revenue of VND 3,842 billion, up nearly 39%, and swung to a net profit of over VND 4 billion from a VND 12 billion loss a year earlier; its nine-month profit reached nearly VND 28 billion versus a loss of nearly VND 7 billion in the prior year. Thép Thủ Đức – VNSTEEL (TDS) reported net profit of nearly VND 3 billion, up 75%, with gross margin rising to 3.3%. Thép Tấm lá Thống Nhất (TNS) saw quarterly revenue fall 31%, yet net profit reached nearly VND 10 billion, up over 870%, as it shifted toward higher-margin products and cost of goods fell faster than revenue.

In the session of October 12, steel stocks unexpectedly rallied, with NKG up 6.89%, HSG up 3.54% and HPG up 2.99%, while selling pressure in real estate, oil and gas, and fertilizer pushed the VN-Index down 14.11 points to 1,720.98. Money shifted into steel, banks and construction, while PNJ reversed to fall 6.92% to 18,150 dong after an earlier limit-up session. Even after the Asian Institute of Gemology and Sciences (AIGS) reported that 100% of PNJ's sampled diamonds were natural, the stock was heavily sold. Foreign investors were net sellers of over 600 billion dong across the market, most heavily in TCB, while HPG drew the largest net buying at more than 128 billion dong.