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[VI] STEEL INDUSTRY REPORT - MARCH 2023

SUMMARY

 

The industry's production & consumption figures in February 2023 showed clearer positive signs than in the previous 2 months. Steel production output in February reached the highest level in recent 8 months. Export volume in 2M/2023 increased by 8.1% over the same period in 2022, of which some markets had notable increases such as the EU, India, and Turkey. However, domestic consumption after Tet remains low. Generally in the first two months of the year, finished steel sales decreased by 26.9% over the same period in 2022, and decreased in most product groups.


Despite positive signals at the beginning of the year, the business prospects of enterprises in the industry are unlikely to increase dramatically in the first half of 2023 because domestic and export demand is forecast to remain weak; world steel price may maintain an uptrend in the next 1-1.5 months, and then keep stable (difficult to increase further due to the supply-demand balance in China, demand in US & EU is forecasted to be flat).

 

TABLE OF CONTENTS

 

A. GENERAL PERCEPTION

 

B. SITUATION OF CRUDE STEEL PRODUCTION IN THE WORLD

Top crude steel-producing countries in the world in January 2023

Crude steel production output of some countries by month

  • China
  • EU
  • US
  • India
  • Japan
  • Russia

 

C. 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)

 

D. SITUATION OF STEEL MARKET IN THE COUNTRY

  • Overview of Production - Consumption of domestic steel 
  • Production situation of each item 2M/2020–2M/2023 & by month
  • The situation of steel consumption in the whole country & of VSA member enterprises 2M/2023 and by month
  • Export situation of the whole industry 2M/2023
  • Import situation of the whole industry 2M/2023

[VI] STEEL INDUSTRY REPORT - MARCH 2023

$29.00Price
  • Number of pages:           28 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    March 20, 2023

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