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STEEL INDUSTRY REPORT - 10/2022

SUMMARY

 

In Q3/2022, steel enterprises continued to face difficulties when both domestic consumption and export were low compared to the first two quarters of the year. Production activities at steel mills were also moderate because finished product inventories were still quite large, and selling prices decreased significantly compared to Q2 while inventories of high-priced raw materials remained. Some enterprises even recorded a big loss in Q3 due to having to make provisions for inventory. Specifically, the total output of steel production in Q3 decreased by 28.1% compared to the previous quarter, and the total sales volume of enterprises decreased sharply. In which, domestic consumption decreased by 8.4% compared to the previous quarter, "exports decreased by 34.3% compared to the previous quarter" and" decreased by 58.4% compared to the previous year.

 

STEEL PRICE MOVEMENT:

World steel prices continued their downward trend throughout Q3/2022. Iron ore and HRC prices in China and the US have been quite similar and have remained in a downtrend from the end of Q1 to the beginning of Q2 so far. Although there are times in China when steel prices recover, they only fluctuate within a very narrow range. As of October 17, 2022, iron ore prices decreased by 41.3% compared to the end of Q1, HRC prices in China and the US decreased by 13.5%-18% compared to the end of Q2 and decreased by 28%-51% compared to the end of Q1.

 

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 US
  • 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 9M/2018 – 9M/2022

     Details of production output of each steel group 9M/2022

     (Industry-wide data)

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

 

      Details of production output of each steel item in 9M/2022

      (Data of VSA)

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

 

D. SALES SITUATION OF VSA

     Details of sales volume of each steel item in 9M/ 2022 

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

 

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

         Export volume by month (Sep 2021 – Sep 2022)

     

    E. IMPORT AND EXPORT SITUATION

         Vietnam's steel export output 9M/2018 – 9</2022

         Vietnam's steel export output by month

         Export value of steel 9M/2018 – 9M/2022

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

         Structure of Vietnam's iron and steel export market in 9M/2022

         Movements of exports to some major markets by month

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

     

         Steel import volume into Vietnam 9M/2018 – 9M/2022

         Import value of iron and steel into Vietnam 9M/2022

         Movements of imports from some major markets by month

    •   China
    •   Taiwan

    STEEL INDUSTRY REPORT - 10/2022

    $29.00Price
    • Number of pages:           24 pages

      Format:                             PDF

      Data series:                       Last 13 months

      Release date:                    October 20, 2022

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