SUMMARY
 
This is one of the few sectors with more positive changes in Q1 (in terms of the selling price, production, and export). However, domestic consumption has not improved much. Specifically, Q1 production is almost the same as in the same period last year and is increasing month by month. Export volume rebounded after two dismal quarters, up 18.9% compared to the previous quarter. Domestic consumption in the quarter remained low. The volume of finished steel sold was lower than in the previous quarter and decreased by 25.4% over the same period, and decreased in most product groups.
 
Steel prices are expected to move sideways in Q2 in the context of the prospect of steel consumption in China showing no clear signs of recovery. Q2 exports may increase, but not much. And domestic demand is forecasted to remain low, before gradually recovering from Q3/2023 thanks to public investment and a number of real estate projects that can be restarted.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. FINISHED STEEL DEMAND FORECAST 2023F
 
C. SITUATION OF CRUDE STEEL PRODUCTION IN THE WORLD
 
D. VIETNAM & WORLDWIDE STEEL PRICE PERFORMANCE
World steel price
Coke price (FOB)
Iron ore price
Price HRC
Steel bar price
Construction steel price
 
Domestic steel price
Correlation of prices of some domestic steel and HRC price trends in the world
Price movements & compare prices of D6 CB240 coils and D10 CB300 reinforcing bars of some domestic steel brands
             (Hoa Phat, Viet Duc, Pomina, Viet Y, Kyoei)
 
E. SITUATION OF STEEL MARKET IN THE COUNTRY 
Overview of Production - Consumption of domestic steel 
Production situation of each item Q1/2020 – Q1/2023 & by month
The situation of steel consumption in the whole country & of VSA member enterprises Q1/2023 & by month
Export situation of the whole industry Q1/2023
Import situation of the whole industry Q1/2023