AG真人游戏

Vietnam's steel industry has made remarkable developments in both production scale and technological lines. Vietnam steel quality has gradually reached important markets such as Europe and America. Today AG真人游戏 Steel will make an overview of Vietnam quality steel as well as learn about breakthroughs in the country's steel production technology.Vietnam steel quality based on breakthroughs in steel refining technologyPreviously in Vietnam, most steel was produced through electric arc furnace (EAF) technology, but the EAF method was assessed to cause high electricity consumption. In addition, input materials such as iron ore or scrap steel contain too many impurities, which has generated more dust and large slag in the production process, reducing the furnace's life span and affecting the quality of the output steel.In the period from 2010 to 2020, many domestic steel enterprises have installed blast furnaces with large capacity, specifically Hoa Phat has operated 2 blast furnaces with the capacity is 1,350 m3, Formosa Ha Tinh has installed blast furnace No. 1 with a capacity of 4,350m3 and blast furnace No.2 with a capacity of 4,350m3. The improvement of furnace capacity has helped manufacturers minimize dust emissions, eliminate harmful impurities and reuse energy through coal gas recovery to produce thermal energy for the furnace.In addition, the large manufacturers such as Hoa Phat, Formosa or VN Steel,... have installed the technology of basic oxygen furnace (BOF) or the LD converter into manufacturing activities. In particular, the technology of BOF has a significant effect in burning all impurities in liquid iron and the steel scrap. Specifically, Hoa Phat's output steel has the percentages of impurities (Cu, Ni, Cr). ) is very low when less than 0.03% and this figure is lower than the standards of many countries in the world. Based on an extremely low impurity rate, the output steel product will achieve purity and consensus in quality, the steel will have good bending properties, combined with toughness and high yield strength will improve the sustainability of construction.Continuous investment in steel production linesDuring the past 10 years, the domestic steel manufacturers have continuously invested in steel refining technology as well as improved modern techniques in production lines in order to bring more Vietnam steel quality to the abroad markets. Currently, most steel producers in Vietnam such as Hoa Phat, Hoa Sen, Ton Dong A, Nghi Son, ... all use the most advanced steel production lines in the world such as Danieli - Tenova from Italy,  SMS from Germany,...Most of the galvanizing or color coating lines in Vietnam are equipped with gas recovery systems to help manufacturers save energy. Another highlight of these technologies from Europe is low operating costs as well as high flexibility when it can be applied to many types of steel products as well as can accept many different coating materials.For example, the CM4 color coating line of Ton Dong A is equipped with an RTO gas recovery system to help protect the environment or Hoa Sen Group's galvanizing line is equipped with an electric annealing furnace to help reduce waste of gas emissions from the factory. In addition, the color coating lines are also equipped with NOF annealing furnace technology to help the galvanized layers adhere to the steel better, assisting manufacturers to control the exact thickness of the layers, optimally treating temperature of flatness and gloss of the finished product.International standards for output productsCurrently, Vietnam steel quality products have reached many countries around the world including large markets such as Europe, America, Australia, etc. The equipping of advanced production lines has helped domestic steel manufacturers qualify to produce quality steel grades in terms of size, weight, ductility, and bearing capacity. Before being exported, steel products are fully certified standards including JIS of Japan, ASTM of America, BN of UK, AS of Australia.Besides, the quality management system standards at factories are also an important factor to evaluate the quality of output products. Most of the domestic steel factories come from corporations such as Hoa Phat, Hoa Sen, Ton Nam Kim, Ton Dong A, Vn Steel,... all obtained the certification of the latest standard ISO 9001:2015, which partly shows the production capacity and resources of the enterprise.Finding the reputable supplier of Vietnam steel qualityVietnam's steel industry in recent years has made amazing changes as it has gradually become self-production with a wide range of steel products. Increasing steel quality and diversified product supply have attracted many international importers to choose Vietnamese steel for construction projects.Since its establishment, AG真人游戏 Steel has always positioned itself as an enterprise providing steel solutions for importers in order to save cost and time to partners. Based on extensive experience in the steel industry, AG真人游戏 Steel has made relationships with many major domestic steel manufacturers such as Hoa Phat, Hoa Sen, Ton Dong A, Ton Nam Kim, etc. All steel products that we provide have a clear origin from manufacturers, fully meeting the strict standards from durability, coating thickness to the aesthetics.AG真人游戏 Steel always shows transparency in contract exchanges, certification documents and clarity in prices, thereby helping importers understand clearly about the trading process as well as owning a good quality steel source for your project. If you are in need of a price list and a full size table of Vietnamese steel grades, please contact us through the information below!

The SMC Trading and Investment Joint Stock Company has just announced its business plan for 2024. According to the plan, SMC aims to achieve a consumption output of 900,000 tons of various types of steel with an after-tax profit of 80 billion VND.In 2023, the business incurred significant lossesIn 2023, SMC Trading and Investment Joint Stock Company experienced a significant decline in business results compared to the previous year. At the beginning of the year, the company set a post-tax profit target of 150 billion VND. However, after the first nine months, the business situation did not look promising. In Q3/2023 alone, SMC achieved a consolidated net revenue of 3.141 trillion VND, a 44% decrease compared to the same period last year.Operating below cost, along with various expenses, led to SMC incurring a post-tax loss of 178 billion VND, compared to a loss of 219 billion VND in the same period. Accumulated over the first nine months of the year, SMC recorded a gross revenue of 10,574 billion VND, a 44% decrease compared to the same period in 2022. By the end of 2023, SMC reported a total loss of 586 billion VND, wiping out accumulated undistributed profits of more than 343 billion VND recorded at the beginning of the year. This resulted in an accumulated loss of 205.8 billion VND on the balance sheet as of September 30, 2023.SMC is not only facing business difficulties, but its debt recovery situation is also stagnant as real estate enterprises, lacking significant revenue sources, contribute to its substantial losses. By the end of September 2023, SMC had more than 1,300 billion VND in bad debts, of which 98% were short-term debts. The majority of these debts were from real estate companies associated with Novaland.In the context of challenging business operations, the Board of Directors of SMC has unanimously agreed on the strategy to streamline production and business activities, reduce personnel across the entire SMC system, and cut down on all arising expenses. In November 2023, the company's Board of Directors approved the transfer of the right to use 6,197 square meters of land at SMC Binh Duong-Dong An Industrial Park.Business plan for SMC in 2024The profit picture for the business in 2023 wasn't very bright. Recently, SMC Trading and Investment Joint Stock Company announced its business plan for 2024. Accordingly, SMC aims to achieve a consumption output of 900,000 tons of various types of steel in 2024, with an expected after-tax profit of 80 billion VND. This is considered a positive figure compared to the significant loss of 586 billion VND in the first nine months of 2023 and the accumulated undistributed loss as of September 30, 2023, which stood at 205.8 billion VND.Additionally, the Board of Directors of SMC has also approved a plan to pre-purchase the bond batch worth 200 billion VND with the code SMC 2124001, bearing a fixed interest rate of 8.2% per annum, issued in August 2021 (due in August 2024). The collateral for this bond includes 9.1 million NKG shares of Nam Kim Steel Corporation and SMC shares owned by a third party. SMC stated that the anticipated repurchase date is June 2, 2024 (6 months before maturity), after reaching an agreement with the bondholders and obtaining approval from the relevant authorities. The current bondholders in this batch are Shinhan Vietnam Limited Liability One Member Bank and Shinhan Vietnam Limited Liability Securities Company.

According to the World Steel Association, Vietnam ranked 13th globally with a crude steel output of 23 million tons in 2021. A significant contributor to this achievement was the SMC Trading Investment Joint Stock Company with a consumption of 1.29 million tons per year. Below, AG真人游戏 Steel will provide a detailed introduction to SMC, enabling importers to better understand the diversity and quality of Vietnamese steel.1. General Information about SMCSMC originally started as Building Material Store No. 15, established in 1988. It quickly grew, became public and transformed into the Trading Investment Joint Stock Company. SMC is a strategic steel manufacturer and distributor in Vietnam with a market share of about 6% nationally and approximately 15% in the Southern Vietnam region.In 2021, SMC aggressively invested and initiated several long-term projects for the 2021-2025 period, such as:Completing and operating two production lines at the Sendo factory, increasing the overall steel pipe production capacity to 250,000 tons/year, meeting strict standards from global import markets.Finalizing and operating 1 rust-removal line and 1 acid waste treatment line to optimize production costs and improve manufacturing efficiency.Undertaking the SMC Phu My project with a total area of 9.7 hectares and an investment of up to 1,000 billion VND. This promises to become Vietnam's largest steel production center with a design capacity of 300,000 tons of steel and 10 million products annually.SMC exported 159,889 tons in 2021, accounting for 12.4% of the total steel consumption of the entire group. Their primary export markets include Southeast Asia, Europe, the USA, with products such as HRC, CRC, galvanized steel, secondary steel.2. List of Activities of SMCSMC's main business activities encompass manufacturing, processing, distribution, and import-export of various steel products, construction materials, interior decoration, construction equipment, mechanics, and steel structures. Currently, SMC Trading Investment Joint Stock Company focuses on product quantity and quality enhancement from subsidiaries such as:SMC Steel CO., LTD: CRC, HRC, GI/GL, PPGI/PPGL, stainless steel sheets, section steels,...SMC Steel Mechanical One Member CO., LTD: HRC, secondary products, galvanized steel sheets.SMC Tan Tao One Member CO., LTD: HRC, hot-rolled sheets, secondary HRC, high tensile steels,...Sendo Steel Pipe Joint Venture CO., LTD: black steel pipe and galvanized steel pipes of all kinds.3. Scale and Production Technology of SMCSMC's coil center system has a processing capacity of up to 500,000 tons/year, equipped with infrastructure, machinery and production lines imported from Korea, Taiwan, China following European technology. Scientific management methods comply with ISO 9001:2000 standards, specializing in precision steel sheet cutting services. The colored zinc-plating steel sheet mills at SMC Steel Mechanical, with a production chain from HRC bleaching, cold rolling to zinc galvanizing, have a design capacity of 350,000 tons/year.All SMC's processing and manufacturing plants are located in designated heavy industrial areas, ensuring no impact on human life and nature.Regarding energy consumption, SMC has imported advanced, high-capacity production lines based on European technology and regularly maintains them to ensure efficient operations. The entire group operates on automatic control technology with a transmission engine functioning on inverter technology, not only optimizing energy consumption but also ensuring efficient production and the best quality products for customers.4. AG真人游戏 Steel - Sourcing and Importing Various Kinds of SMC SteelWith impressive achievements like being in the top 13 countries with the largest crude steel production in 2021 and joining the group of countries exporting steel with a turnover over 10 billion USD, Vietnam is enhancing its position on the global steel map. This also opens opportunities for steel importers to access affordable, quality sources.However, to approach a completely new market with complex policies and regulations, importers should choose an intermediary to optimize time, costs and human resources. AG真人游戏 Steel specializes in sourcing and steel export services to numerous countries globally. AG真人游戏 Steel's partners come from major markets such as the US, UK, Japan, Italy,... ensuring reliable procedures and quality.SMC is one of Vietnam's largest steel brands and a long-term partner of AG真人游戏 Steel, offering attractive sales policies and benefits. If you are interested in importing various types of steel from SMC or understanding the Vietnamese steel market, please contact AG真人游戏 Steel via Whatsapp at +84 76 911 2358 for detailed consultation.