SUMMARY
 
In May 2023, the steel market continued to record positive signals in both production and consumption. Specifically, production output increased for the 4th month in a row. Export of the whole industry exceeded 1.1 million tons and was the highest level since October 2021 until now. Export prices in May 2023 increased by 20.8% compared to January, although still decreased by 24.5% over the same period in 2022. Domestic consumption was still weak and has not improved significantly.
 
Despite the above-mentioned improvements, businesses in the industry still face many difficulties: raw material prices are still in a downward cycle and unpredictable movements, so enterprises also face certain difficulties in inventory policies. Increasing competitive pressure from cheap steel imported from China. The import demand of some markets such as ASEAN is still not stable and the tendency of some countries to protect domestic production.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. 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
      
C. SITUATION OF STEEL MARKET IN THE COUNTRY
Overview of Production - Consumption of domestic steel 
Production situation of each item 5M/2019 – 5M/2023 & by month
The situation of steel consumption in the whole country & of VSA member enterprises 5M/2023 & by month
Export situation of the whole industry 5M/2023
Import situation of the whole industry 5M/2023