SUMMARY
 
In November 2023, the steel industry recorded many positive signals in production, consumption, and selling prices. Partly thanks to the main construction material consumption season, along with the promotion of public investment and the low base level of the same period.
 
Domestic sales in November reached its highest level since March 2022. The driving force was thanks to a significant increase in domestic consumption of construction steel, while other steel products increased by 6.9% compared to the previous month. Export output in the month maintained a positive level, similar to the previous month.
 
Export momentum in the month was thanks to improved demand from some major markets such as ASEAN, the US, Taiwan, and South Korea. Indian demand remains high. Meanwhile, exports to the EU decreased sharply compared to the previous month, and Brazilian demand was unstable. Exports to Australia also unexpectedly decreased sharply, equal to only 26% of the average export volume from March to November 2023.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. THE WORLD'S CRUDE STEEL SUPPLY 
 
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
      
D. SITUATION OF STEEL MARKET IN THE COUNTRY
Overview of Production - Consumption of domestic steel 
Production situation of each item 11M/2019 – 11M/2023 &  by month
The situation of steel consumption in the whole country & of VSA member enterprises (11M/2019-11M/2023) &  by month
Export situation of the whole industry in Nov 2023 and 11M/2023
Import situation of the whole industry in Nov 2023 and 11M/2023