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STEEL INDUSTRY REPORT - 09/2022

SUMMARY

 

In August 2022, "domestic consumption" showed a more positive signal, but still remained at a low level compared to other months from the beginning of the year. Exports remain dismal. Production activities at steel mills are also moderate because inventories are still quite large. Specifically, the total domestic steel production output in August continued to decrease by 4.3% compared to the previous month. Export volume decreased by 16.3% month-on-month and by 65.8% year-on-year.

 

STEEL PRICE MOVEMENT:

World steel prices tend to decrease. Specifically, in China, iron ore and finished steel products dropped sharply from the last week of August 2022 until now, after about a month of recovering from low levels. While in the US, ore prices in the US still maintained a downward trend that lasted from mid-April 2022, the decline in construction steel prices has slowed down from mid-August until now.

 

TABLE OF CONTENTS

 

A. WORLD STEEL SUPPLY SITUATION

  • Total crude steel production output in the world by month
  • Crude steel production output of China by month
  • Crude steel production output of India by month

 

B. WORLD STEEL PRICE PERFORMANCE

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

 

C. DOMESTIC STEEL PRICE

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

 

D. SITUATION OF DOMESTIC PRODUCTION

Overview of steel production output 8M/2018 – 8M/2022

Details of production output of each steel group 8M/2022

(Industry-wide data)

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

 

Details of production output of each steel item in 8M/2022

(Data of VSA)

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

 

E. SALES SITUATION OF VSA

Details of sales volume of each steel item in 8M/2022

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

 

Domestic sales volume by month (Aug 2021 – Aug 2022)

Export volume by month (Aug 2021 – Aug 2022)

 

F. IMPORT AND EXPORT SITUATION

Vietnam's iron and steel export output 8M/2018 – 8M/2022

Vietnam's iron and steel export output by month (Jan – Aug2022)

Export value of iron and steel 8M/2018 – 8M/2022

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

Structure of Vietnam's iron and steel export market in 8M/2022

Average export price to markets in 8M/2022

Movements of exports to some major markets by month

  • ASEAN
  • Korea
  • Australia
  • China
  • EU
  • USA
  • Hong Kong
  • Taiwan

 

Steel import volume into Vietnam 8M/2018 – 8M/2022

Import value of iron and steel into Vietnam 8M/2018 - 8M/2022

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

Structure of iron and steel import market to Vietnam in 8M/2022

Movements of imports from some major markets by month

  • China
  • Taiwan

STEEL INDUSTRY REPORT - 09/2022

$29.00Price
  • Number of pages:           24 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    September 20, 2022

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