Published Date: 30/12/2024
- We expect world steel demand to recover 1.2% yoy in 2025 driven by the growth of India and EU while the supply remains stable due to cut down of China.
- Domestic market demand forecasted to climb 10% yoy in 2025 supported by growth of housing supply and public investment.
- We prefer HPG, HSG and NKG thanks to benefit from recovery phase; growth of net profit (NP) and attractive valuation.
