Some key points of the industry in Oct 2023:
Prices of raw materials and finished steel products stagnated and/or decreased in the first half of October, and increased sharply again from mid-October until now.
Prices of many domestic steel brands increased by about 150-410 thousand VND/ton on November 21, 2023, since the last decrease on September 6, 2023, and have been moving sideways for more than 2 months.
The production and consumption situation of the entire industry in October continued to improve, but only at a relative level.
In October 2023, industry-wide production increased by 8.7% over the previous month and increased by 12.1% over the same period. Domestic consumption is positive, but weaker than last month. Exports increased by 71.5% over the same period. This output is generally positive, but it should be noted that this high increase is also partly due to the low base level of the same period.
Outlook: Consumption is expected to be more positive in the remaining 2 months of the year. However, businesses in the industry still face many difficulties due to weak consumption/sales and increased input cost pressure (raw material prices and electricity prices).
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
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 10M/2019 – 10M/2023 & by month
The situation of steel consumption in the whole country & of VSA member enterprises (10M/2019-10M/2023) & by month
Export situation of the whole industry in Oct 2023 and 10 M/2023
Import situation of the whole industry in OCt 2023 and 10M/2023
[VI] STEEL INDUSTRY REPORT - NOVEMBER 2023
Number of pages: 30 pages
Data series: Last 13 months
Release date: November 20, 2023