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STEEL INDUSTRY REPORT - 08/2022

SUMMARY

 

In July 2022, steel enterprises continued to face difficulties when both domestic consumption and export were slow, finished product inventories were high, causing some domestic factories to cut capacity, selling prices continued to decrease continuously, while many enterprises still have raw material inventories at high prices. Specifically, the total domestic steel production output in the month continued to decrease by 13.8% over the previous year. The export volume of the whole country decreased by 46.1% compared to the previous year. Domestic consumption volume decreased continuously for 2 consecutive months, in July 2022, it decreased by 9.8% compared to the previous month and was only 62%   compared to the consumption level in March.

 

STEEL PRICE MOVEMENT:

From mid-July until now, ore, HRC, and steel prices in China reversed to increase after 3 consecutive months of decline. While the price of steel and raw materials in the US and EU still maintained a downward trend that lasted since mid-April. Specifically, as of August 16, 2022, in China, the price of HRC and the price of rebar increased by 10 % - 12% compared to mid-July. In the US, prices of raw materials and finished steel continued to decrease. Compared to the end of Q1/2022, ore prices decreased by 33.7%.

 

TABLE OF CONTENTS

 

A. WORLD STEEL PRICE

  • Iron ore price
  • HRC steel prices in China
  • HRC steel prices in the US
  • Construction steel prices in the world
  • FOB price of coke at Australia port

 

B. DOMESTIC STEEL PRICE

  • Selling price of Hoa Phat steel in the North
  • Selling price of Hoa Phat steel in the South

 

C. SITUATION OF DOMESTIC PRODUCTION

Overview of steel production output 7M/2018 – 7M/2022 

Details of production output of each steel group 7M/2022 

(Industry-wide data)

  • Raw iron and steel
  • Rolled steel
  • Steel bars, angle steel

 

Details of production output of each steel item in 7M/2022

(Data of VSA)

  • Construction steel
  • HRC
  • Galvanized steel & SPM
  • Cold rolled steel coil
  • Steel pipe

 

D. SALES SITUATION OF VSA

Sales volume overview 7M/2019 – 7M/2022

Details of sales volume of each steel item in 7M/2022 

  • Construction steel
  • HRC
  • Galvanized steel & SPM
  • Cold rolled steel coil
  • Steel pipe

 

Domestic sales volume (7M/2019 – 7M/2022)

Details of sales volume of each steel item 7M/2019 - 7M/2022

  • Construction steel
  • HRC
  • Galvanized steel & SPM
  • Cold rolled steel coil
  • Steel pipe

 

E. IMPORT AND EXPORT SITUATION

Vietnam's iron and steel export output 7M/2018 – 7M/2022

Vietnam's iron and steel export output by month (Jul 2021 – Jul 2022)

Export value of iron and steel 7M/2018 – 7M/2022

Export value of iron and steel by month (Jul 2021 – Jul 2022)

The average export price of iron and steel in the last 13 months

Structure of Vietnam's iron and steel export market in 7M/2022

Steel export volume to some countries ASEAN and EU

Movements of exports to some major markets by month

  • EU
  • USA
  • Korea
  • Taiwan

 

Steel import volume into Vietnam 7M/2018 – 7M/2022

Import value of iron and steel into Vietnam 7M/2018 – 7M/2022

The average import price of iron and steel in the last 13 months

Structure of iron and steel import market to Vietnam in 7M/2022

Movements of imports from some major markets by month

  • China
  • Japan
  • India
  • Taiwan

STEEL INDUSTRY REPORT - 08/2022

$29.00Price
  • Number of pages:           24 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    August 20, 2022

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