AG真人游戏

In the past November, the production of hot-rolled coil steel reached 555,162 tons, experiencing a slight decrease of 5% compared to October but witnessing a significant increase of 30% compared to the same period in 2022. Additionally, Vietnam's HRC export volume amounted to 350,875 tons, showing a slight uptick of nearly 2% compared to October, yet experiencing a remarkable twofold surge compared to November 2022.Overview of Vietnam's HRC export situation in the 11 months of 2023In general, during the first 11 months of 2023, the production of hot-rolled coil steel reached 6 million tons, showing a 6% increase compared to the same period in 2022. The nationwide HRC sales volume for the same period reached 6.2 million tons, marking a 7% growth compared to the first 11 months of 2022. However, the notable highlight lies in the HRC export sector, with a volume reaching 3.2 million tons, tripling the figure from the same period last year.Formosa Ha Tinh and Hoa Phat continue to be the leading entities in the national HRC sector, with export volumes reaching 2,118,675 tons and 1,045,000 tons, respectively, during the 11 months of 2023. In general, the combined export volume of these two companies accounts for over 95% of the total HRC export volume this year. Specifically, Hoa Phat's HRC sales in November reached nearly 270,000 tons, with the export-oriented HRC reaching 118,922 tons.Statistic of Vietnam鈥檚 HRC export volumes from January to November in 2023Overall, there are signs of growth in HRC sales in the last months of the year, especially with the export-oriented HRC playing a crucial role in this increase, given the significant reduction in raw material prices and the gradual capacity increase in factories. Most experts believe that the steel industry has overcome its most challenging period, and signs of recovery are gradually emerging. The real estate market in China is stabilizing and becoming a bright spot for steel consumption in the construction sector.India and Italy are the two main import markets for Vietnam's HRCCustoms data also indicates that Italy and India are the two largest import markets for Vietnam's HRC in 2023. Italy, in particular, imported over 1 million tons of HRC from Vietnam in the first 11 months of 2023, making it the largest HRC importing country, capturing nearly a third of the export market share. Besides Italy, India became the second-largest importer of Vietnam's HRC, with a total imported volume of 674,472 tons during the 11 months.India has been evaluated as a potential steel import market recently. Specifically, from September onwards, India has consistently surpassed Italy in leading the import volume of Vietnam's HRC. In November alone, India imported 140,633 tons, while Italy imported just over 79,000 tons. The World Steel Association (WSA) predicts that in 2024, steel demand in the EU and India is expected to recover by 5.6% and 7.5%, respectively, which is seen as positive for Vietnam's steel export, especially for HRC.Top largest countries have Vietnam鈥檚 HRC importing volumes in 11 months of 2023Furthermore, the list of over 40 countries importing HRC includes two Southeast Asian countries, Malaysia and Indonesia, ranking third and fourth in import volume, with 436 thousand tons and 361 thousand tons, respectively, in the first 11 months of 2023. It's noteworthy that among the top 10 countries with the highest import volumes of Vietnam's HRC, only two are from Southeast Asia, compared to previous years when Vietnam's steel sources were mostly consumed in this region.The emergence of potential new import markets such as India, Mexico, or Spain somewhat reflects the strong determination of the Vietnamese steel industry to expand its scale to new major markets, especially under the impetus of bilateral trade agreements. The attractive prices offered by Vietnamese HRC manufacturers, along with the benefits of reduced export taxes from agreements such as EVFTA or CPTPP, have created significant opportunities for businesses in Europe and the Americas to increase imports of Vietnamese steel products.The entire information in the article is updated and based on the latest customs data. If you need more detailed information about the weekly steel price list directly from the factories, please contact us via WhatsApp: +84 76 911 2358 or email [email protected] for the quickest response.

Thanks to astute foreign policies and a favorable geographical location, Vietnam has reaped benefits in trade agreements. Among the prominently advantaged industries, the steel sector consistently ranks among the highest annual export volumes in the country. Therefore, importing steel from Vietnam not only provides cost advantages but also ensures product quality for importers.Geographical location creates favorable conditions for importing steel from VietnamIn terms of its maritime geographical location, Vietnam holds the advantage of being situated in the South Sea, which is considered a vital maritime route connecting the Pacific and Indian Oceans. Additionally, its strategic location amidst key markets such as China, Japan, South Korea, Singapore, India, and various other ASEAN countries positions Vietnam as a hub for maritime and trade activities. This not only opens up numerous opportunities for the import and export of various goods but also actively involves Vietnam in the global steel supply chain.Continuous investment in logisticsOver the years, the Vietnamese government has consistently invested in and upgraded seaports to facilitate import and export activities, aiming to reduce transportation times and alleviate bottlenecks in the flow of goods. As a result, the transportation duration of steel has significantly shortened, creating favorable conditions for steel brands originating from Vietnam to become more prevalent in various regions.Specifically, the average transportation time for goods to the Southeast Asia region has now been reduced to 5-10 days, and the shipping time from Vietnamese ports to Australia takes only 15-20 days. While Europe is considered a large market with a relatively distant geographical distance from Vietnam, significant improvements in logistics have reduced the average transportation time to just 30 days.In contrast, the geographical distance to the Americas is considerable, requiring a longer transit time, typically ranging from 45 to 60 days for steel products to reach their destination. Although geographical distance poses a challenge, in certain special cases, delivery time can become a crucial tool in pricing strategies, especially during periods of fluctuation in the domestic steel market. Specifically, during periods of high domestic steel prices, the decision for importing steel from Vietnam can bring significant benefits to importers in the Americas, providing them with a steel supply at a competitive price compared to competing counterparts and thereby reducing cost pressures.Importing steel from Vietnam brings tariff advantages via FTA agreementsAs of now, Vietnam has 19 FTA partners, including 15 active FTAs, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This allows Vietnamese steel products to enjoy a 0% import tariff within the customs framework of the 11 participating countries. Moreover, Vietnam successfully signed the EU-Vietnam Free Trade Agreement (EVFTA). The EVFTA stands out from other trade agreements Vietnam has signed, granting nearly 100% tariff reductions for import and export transactions with 27 EU member countries.In addition to these agreements, Vietnam has established various trade agreements and comprehensive economic partnerships with countries and regions such as the Economic Cooperation Organization, the United Kingdom, South Korea, Japan, Chile,... These agreements not only provide tariff advantages for Vietnamese steel but also create opportunities for price competition, benefiting both sellers and buyers by ensuring reasonable product prices.Flexible strategy in response to anti-dumping investigationsThe steel industry is considered a key industrial sector for many countries and numerous markets have sought to protect domestic steel products through various protective measures such as tariff barriers and anti-dumping duties. Vietnam, as one of the fastest-growing steel markets globally, has attracted attention from other countries, leading to anti-dumping investigations. However, most anti-dumping cases related to Vietnamese steel products are currently in the form of investigations due to suspicions regarding the origin of raw materials originating from China.Through flexibility and timely adjustments in export strategies, Vietnam has maintained its status as an ideal destination for steel importers. Diversifying markets and adapting quickly to international trade regulations have helped minimize risks associated with dependency on a specific market and legal issues, providing favorable conditions for positioning Vietnamese steel on the international market.Large-capacity factories equipped with modern production linesThe Vietnamese steel market has witnessed the emergence of many large-capacity manufacturing plants with substantial investments in advanced technology from the world's leading Danieli-Tenova technology. These plants not only meet domestic demand but also have the capacity to export to international markets. Notable examples include Hoa Sen, Hoa Phat, Nam Kim, Ton Dong A, T么n Ph瓢啤ng Nam - SSSC, SMC, Vina One Steel,...Hoa Sen Group leads in coated steel in Vietnam with a pickling capacity of 1.9 million tons per year and a NOF line capacity of 2.2 million tons per year. On the other hand, Hoa Phat Group has consistently held the top position in steel pipe and construction steel for many years. Each year, the complex of factories supplies a production capacity of 2.5 million tons for steel billets and steel bars, achieving a production capacity of 1 million tons per year for steel pipes. Additionally, Hoa Phat's HRC products are considered future key products with a designed total capacity of 3 million tons per year.Thanks to advancements in the production process, domestic steel manufacturers meet all the conditions to produce high-quality steel brands that meet international requirements for size, weight, flexibility, and load-bearing capacity. Steel products before export meet all quality standard certifications, including JIS from Japan, ASTM from the United States, BN from the United Kingdom and AS from Australia. Most domestic steel manufacturing plants are certified to the latest ISO 9001:2015 quality standard, demonstrating not only a solid step forward in quality but also evidence of effective production and management capabilities.Importing steel from Vietnam through reputable suppliersThe remarkable transformation of the Vietnamese steel industry in recent years has attracted many international importers, contributing significant export value. AG真人游戏 Steel is a prime example of a company actively participating in this process. With many years of experience in the steel industry, AG真人游戏 Steel has established extensive relationships with major manufacturers such as Hoa Phat, Hoa Sen, Ton Dong A, SMC, ensuring a diverse supply of high-quality products meeting stringent standards for durability and coating thickness.AG真人游戏 Steel is not a steel supplier but also provides solutions for importing steel from Vietnam, which actively support partners by advising on suitable steel products for projects and ensuring that manufacturing plants meet requirements, thereby helping customers optimize costs for their plans while receiving a source of quality products. Furthermore, AG真人游戏 Steel operates with a commitment to transparency and clarity in the transaction process. The company's team consistently provides detailed information about contracts, certificates and prices, offering importers a comprehensive view of the buying and selling process.Collaborating with AG真人游戏 Steel not only brings benefits in terms of product quality but also in transaction processes and information support. If you are interested in the Vietnamese steel market and need advice on the appropriate steel types for your project, feel free to contact us for free consultation via WhatsApp: +84 76 911 2358 or email [email protected].

Galvanized steel is one of the materials that are resistant to corrosion and good aesthetics should be used in many different industries and construction. One of the most popular types of galvanized steel is the Z350, featuring an outer protective layer providing a 'fence' against environmental factors. 1. What is Z350 galvanized steel?Galvanized steel is a type of steel coated with a layer of hot-dip zinc to enhance its outer surface. They are produced by hot-dip galvanizing at a temperature of 500oC or electroplating so that it corresponds to the desired thickness to increase the durability and aesthetics of the material.Z350 steel corresponds to a zinc coating with a mass of 350 grams/m2 on both sides of the steel. Its corrosion resistance and high durability make it suitable for construction, household appliances, transportation and various industries.2. Characteristics of Z350 galvanized steelThe construction industry and light industry account for about 30% of the need for galvanized demand, so you can easily see applications from Z350 steel in life. Why are they so popular and widely utilized?Corrosion resistanceGalvanization is one of the most effective and economical steel protection methods for preventing rust. Currently, half of the world's zinc production is used for this process. Zinc not only provides a thick protective layer on the steel surface but also protects the steel through cathodic protection. If using products under normal conditions, the lifespan of Z350 steel structures can exceed 50 years and in corrosive environments or near the sea, it can still last around 20-25 years or more.High hardnessThe outstanding hardness of Z350 steel provides outstanding load-bearing capacity. Even in transportation with impacts, it does not compromise the quality, structure or lifespan of the galvanized steel.Fast production process, easy inspection The process of producing Z350 steel is simple, easy to control quality, allowing factories to fulfill orders promptly.Cost optimizationThe cost of producing galvanized steel is quite optimal thanks to the cheap zinc coating, short galvanizing time, high durability, easy storage, ... resulting in long-term cost savings.3. Application of Z350 steel in modern industriesZ350 galvanized steel products are mainly used in construction, light industry, cars, agriculture, animal husbandry, fishery and many other industries. Construction industries use galvanized steel to produce corrosion-resistant roofing sheets, construction mesh,... Meanwhile, the light industry utilizes Z350 steel for household appliance casings, chimneys kitchen appliances, ... In addition, in the automotive industry, this material is also popular in car anti-corrosion components,... In agriculture, galvanized steel is mainly used for cold storage, transportation or packaging tools.4. Contact for importing products at AG真人游戏 SteelOnce a country with the smallest economy in Southeast Asia, Vietnam has now become one of the fastest growing markets in the world, especially in the field of metal. According to the statistics of Worldsteel, Vietnam ranked 13th with the world's largest crude steel production in 2021. Notably, Vietnam has 2 representatives in the top 100 largest steel enterprises in the world, Hoa Phat and Formosa.Technology improvements in galvanized steel production in general and Z350 steel in particular have helped Vietnam export to more than 30 countries and territories around the world, bringing Vietnam to join the group of steel exporting countries with turnover of over 10 billion USD. In particular, Vietnam has signed FTAs with more than 50 countries around the world so importers can enjoy 0% tax rate. The team of experts at AG真人游戏 Steel with more than 12 years of experience in the field of supply and steel import support can meet all the best quality and price requirements for customers.Z350 galvanized steel is highly applicable in the fields of life, so it is a key imported product of every country. Customers can access quality, reliable and the most affordable Vietnamese steel by contacting AG真人游戏 Steel through WhatsApp: +84 76 911 2358 or Email: [email protected].

The barn is used for many purposes like protecting livestock, storing animal feed, agricultural products or machinery against the environmental elements. Currently, farm owners tend to use PPGI as a barn instead of wood or concrete because of many outstanding advantages.1. Characteristics of barns in agricultureIn the field of agriculture, warehouses are usually designed with 2 floors, the first floor is a shelter for animals or storage of production machinery and equipment. The 2nd floor area is used to store animal feed, agricultural products or other utensils.The barns are named according to the purpose of use, such as tobacco barn, dairy barn, farm barn, tractor barn. The most principal type in the United States is the multipurpose barn, used for housing horses, cows, calves, sheep or storing hay and grain.Wood is the main material in traditional barns, but since World War II, pre-painted galvanized is more increasingly used, especially in large farms because of the advantages of aesthetics, durability and costs.2. Building barn with PPGIWhen building a barn, the roof, door and insulation are essential components that are first considered. The materials that make up these parts of the warehouse will greatly affect the effectiveness of protecting livestock, agricultural products and machinery from the effects of the environment and weather.2.1. RoofThe roof is one of the most important components of the barn because of its role of creating shade, shading the sun and rain and keeping the interior temperature. Most roofs today are constructed from PPGI sheets. With a high-grade coating that does not peel, is durable over time, has the ability to block heat to help keep the interior space cool and temperature stable. Compared to shingles that need to be re-glued every 12-15 years or the wood is prone to rotting, pre-painted galvanized sheets have a long life expectancy, are extremely water and corrosion resistant.2.2. Barn doorThe barn door should be easy to open and to secure. When the weather is favorable, the doors can be fully opened to ventilate the interior space, enhancing the exchange of fresh air for the animals to breathe. The PPGI barn door is very light, easily slides on the rail, saving you time and effort when opening and closing the door.2.3. Thermal and soundproof partition wallsWood, concrete and brick are good insulators but have poor sound insulation. Animals such as horses, cows, sheep,... are very sensitive to sounds, easily panic and lose control in noisy environments. Therefore, ranchers are gradually turning to PPGI to make soundproof walls for different types of barns.3. Advantages of PPGI barn 3.1. Moisture ResistanceHumidity and severe weather can affect the structural integrity of the barn. Wood is porous, absorbent and prone to decay over time while galvanized steel is more resistant to water, rust and corrosion.3.2. Longer lifespanWith wooden barns easily damaged by insects and birds, causing termites or nesting on the rafters. Steel buildings can limit these problems as well as avoid degradation due to burrowing insects.3.3. Fire ResistanceThe surface of PPGI is covered with special fireproof layers to help steel frame buildings have high fire resistance, slow down the spread of fire. Types of barns in foreign countries need to pay insurance levels in case of fire and explosion. Therefore, although wooden warehouses are lower in cost, in the long run, steel buildings have better insurance costs which helps to optimize overall costs.3.4. Strength and durabilityPPGI sheets are durable, withstand heavy loads but are lighter than many other building materials. The barns made from steel are 30-50% lighter than wood. This helps the construction of steel frames and building details save more time and manpower than traditional materials.4. How to choose the right PPGI for the barnIf you are in the process of planning and looking for building materials suitable for your barn properties, please contact AG真人游戏 Steel's team of experts for detailed advice.AG真人游戏 Steel is a unit specializing in providing high quality Vietnamese steel import solutions in addition to consulting and analyzing the most suitable steel for each project. With more than 10 years of experience in sourcing domestic steel, AG真人游戏 Steel has a wide network of connections with the largest brands in Vietnam such as Ton Dong A, Hoa Phat, Ton Hoa Sen, Nam Kim,... help you save time and effort buying. In addition, the experienced staff in the customs field of AG真人游戏 Steel support customers with all customs procedures and processes, transporting goods quickly and safely.For any questions and request for a quote for PPGI/PPGL Vietnam, please contact AG真人游戏 Steel via WhatsApp +84 76 911 2358. 

According to the latest data from the General Department of Customs of Vietnam, Vietnam's scrap steel imports volume in the past November unexpectedly reached 392,189 tons, a 25.8% increase compared to the previous month (over 312,000 tons of scrap in October). Cumulatively, in the 11 months of 2023, the total imported scrap amounted to 3.87 million tons, experiencing a slight decrease of 2.2% compared to the same period last year (3.96 million tons).Japan remains be the largest supplier of scrap steel to Vietnam in 2023Japan has consistently maintained its position as the primary provider of Vietnam scrap steel imports since 2018. In November alone, Japan supplied Vietnam with 212,438 tons of scrap steel, a remarkable increase of 241.4% compared to the same period last year. For the cumulative 11 months of 2023, the imported scrap volume from Japan reached over 1.436 million tons, constituting more than 40% of Vietnam's total scrap steel imports. In comparison to the same period last year, the import volume for the first 11 months of this year increased by 16%. Notably, Vietnam has focused on sustaining and enhancing its supply of scrap steel from Japan, despite the upward trend in scrap steel prices from Japan, which, as of December 2023, has reached $348 per ton in export prices.The imported scrap steel volume of Vietnam from January to November 2023Besides Japan, the United States stands as the second-largest market with a consistently high volume of scrap steel imports each month. Specifically, in November, Vietnam imported 48,515 tons of scrap steel from the United States, marking a 30.9% increase compared to the same period last year. Overall, for the first 11 months of 2023, the import volume of scrap steel from the United States reached 874,693 thousand tons, showing a slight 3% increase compared to the same period in 2022.Additionally, in the list of primary suppliers of scrap steel to Vietnam in November, Hong Kong and Australia were also notable contributors, with volumes reaching 38,874 tons (a 49% increase compared to the same period) and 9,265 tons (a remarkable 241.4% increase compared to the same period last year), respectively. In the first 11 months of 2023, Hong Kong's total export volume of scrap steel to Vietnam reached 377,303 tons, experiencing a slight 1.2% decrease compared to the same period last year. Similarly, Australia's supplied volume of scrap steel to the Vietnamese market for the first 11 months reached 236,266 tons, reflecting a 16% decrease compared to the same period.The demand for Vietnam鈥檚 scrap steel imports is expected rise in DecemberThe unexpected surge in scrap steel imports has been surprising, given that Vietnamese steel producers have largely maintained stable scrap imports over the past 10 months due to a prolonged slowdown in the domestic real estate sector. While some factories have reduced capacity and prioritized domestic scrap sourcing, larger-scale facilities continue to require substantial raw material imports. These factories anticipate a resurgence in steel demand after the lunar holiday, contributing to the anticipated growth in scrap steel imports in December. Another factor contributing to the increase of Vietnam's scrap steel imports comes from the country's recent open foreign policy. Many steel items, especially imported scrap steel, have seen a significant surge, partly to meet the needs of Vietnamese manufacturers and also due to the advantages of enjoying a 0% tax rate coupled with the removal of trade protection measures.The substantial increase in import demand has positioned Vietnam as a significant player in the global scrap steel import market this year. This strategic move not only helps meet domestic demand, especially for large-scale steel plants requiring extensive raw materials to maintain production and capacity stability, but also serves as a strategy to strengthen Vietnam's position in the international steel market. Through this approach, Vietnam can demonstrate its strength and competitiveness in the field of raw materials and steel production.

Nam Kim's business activities are expected to benefit directly when steel demand in a series of key export markets is forecast to grow strongly in 2024.1. Nam Kim steel exports will grow strongly by the end of 2023According to the latest report of the World Steel Association, global steel demand in 2023 is estimated to increase by 1.8% compared to 2022, a positive improvement compared to the decrease of 3.3% in 2022. In 2024, global steel demand is expected to continue to increase by 1.9%, reaching 1.84 billion tons with main export markets from the European Union (up 5.8% compared to 2023), India (up 7.7%) and the ASEAN region (up 5.2% compared to 2023).This creates favorable conditions for several Vietnamese steel enterprises, especially Nam Kim Steel Joint Stock Company. NKG is one of the largest steel export brands in Vietnam with strength in galvanized steel products. More than 60% of the group's consumption comes from key markets such as the EU, ASEAN and Australia.Besides, Nam Kim Steel is enjoying the lowest anti-dumping duty rate in many Vietnamese steel import markets such as Canada, Mexico, Australia and Malaysia.Latest data shows that Nam Kim Steel's main export markets are all in the group with a positive recovery in steel output in the first 10 months of 2023 like the EU region (up 86.2% over the same period in 2022) and Australia (up 9.1%).Regarding future development orientation, Nam Kim Steel is focusing on exploiting the EU, Australia, ASEAN markets, then the US due to barriers of tax rates of up to 25% as well as high Vietnam-US freight rates.Currently, Nam Kim Steel is in the top 3 enterprises with the largest market share in Vietnam (accounting for 17.3%). Notably, for steel pipe products, Nam Kim Steel is experiencing continuous market share growth in recent years. In 2022, NKG's steel pipe consumption growth rate was 3 times higher than the growth rate of the entire industry, accounting for 7.4% of the entire market share.2. Vietnamese steel benefits from the gradual recovery of steel pricesThe business activities of Nam Kim in particular and steel businesses in general will continue to benefit from the recovery in domestic steel prices. After 19 consecutive price reductions in the first 9 months of 2023, steel prices of all types in Vietnam have begun to recover with 3 consecutive price increases since the end of November 2023. The Vietnam Steel Association (VSA) predicts that domestic steel prices may increase slightly in the near future with a range of 100,000 - 150,000 VND/ton.The reason for the increase in domestic steel prices comes from the increase in input costs (iron ore, electricity, steel scrap,...) along with a clear increase in world steel prices. Hot rolled steel prices in the US and EU from the beginning of October 2023 have increased by 1,146 USD/ton and 727 USD/ton, respectively. World construction steel prices also increased dramatically in early November 2023 when they surpassed 3,800 CNY/ton.Global steel prices increased mainly due to limited steel supply and prolonged delivery times due to the impact of military and political conflicts. At the same time, a series of steel furnaces in the EU temporarily stopped operating for maintenance while steel demand is still increasing. In addition, the Chinese government also promotes recovery of the real estate market, boosting demand for steel in the near future.

In November 2023, both production and consumption in Vietnam's steel industry experienced growth. Specifically, nationwide steel sales reached over 2.5 million tons, marking a 30% increase compared to the same period last year and reaching the highest level since the beginning of the year. Meanwhile, finished steel production reached 2.4 million tons, reflecting a 34.4% increase compared to the same period.The Vietnam Steel Association (VSA) reported an improvement in the consumption of finished steel in the domestic market in November compared to the previous month and the same period last year for most steel manufacturing and trading enterprises. In particular, sales of various steel types reached over 2.5 million tons, up 13% from the previous month and 30% compared to the same period in 2022. The growth in steel consumption has been consistent over several months, signaling a recovery for the steel industry. Meanwhile, the production of finished steel during this period amounted to 2.4 million tons, up 3% from October and 34.4% compared to the same period last year.In the first 11 months of the year, the steel industry produced 25 million tons of finished steel, down by 7.8% compared to the same period last year. Steel consumption reached 23.7 million tons, declining by 5.6% compared to the sales volume in the first 11 months of 2022. Specifically, steel exports during this period amounted to 7.4 million tons, marking a 29% increase compared to the same period.Hoa Phat, a leading enterprise in the steel industry, observed its highest sales volume since the beginning of the year. Specifically, sales of construction steel, hot-rolled coil (HRC) and steel billets reached 709,000 tons, marking a 12% increase from October. Notably, sales of high-quality construction steel by Hoa Phat during this period reached 410,000 tons, indicating a 21% surge compared to the same period last year.The company's representative stated that the domestic steel industry is on the rise due to the beginning of the construction season and is partly driven by policies encouraging the disbursement of public investment capital. According to the assessment by VSA, the sales volume of construction steel has increased, partly due to infrastructure projects such as the North-South expressway and the ongoing development of new airports, which have accelerated progress alongside several other projects.The steel industry has experienced significant price fluctuations in recent months, with steel companies continuously adjusting prices upward from November onwards. According to VSA, the consistent price hikes in steel are primarily due to the rising costs of raw materials used in steel production such as coal, iron ore, scrap steel and hot-rolled coils, showing no signs of slowing down.The selling prices of finished steel have been increasing at a slower pace compared to the rising costs of raw materials. This is one of the difficulties that the steel industry is facing.In the upcoming period, the price of this commodity is forecast to continue rising due to a narrow supply of iron ore, while construction demand is expected to increase. This will be an opportunity for the steel industry and steel stocks in 2024.

On December 4th, the member fund KITMC Worldwide Vietnam RSP Balanced Fund under Kim Vietnam Fund Management purchased 1 million shares of Nam Kim Steel Joint Stock Company. As a result, the fund group's ownership increased to 13.7 million shares, equivalent to 5.2% of the capital, becoming a major shareholder of NKG, accounting for 1.52% of the capital.The transaction took place on December 4th and based on the closing price of December 4th, the share volume is valued at around 24 billion VND. As of now, Nam Kim Steel has four major shareholders: Chairman of the Board, Mr. Ho Minh Quang (14.2% of capital), Unicoh Specialty Chemicals (5.03% of capital), SMC Trading Investment Joint Stock Company (5% of capital), and the Kim Vietnam Fund Management group.According to information from DSC Securities, Nam Kim Steel has planned to expand into a higher-grade galvanized steel segment through its new project, the Nam Kim Phu My plant in the My Xuan B1-Dai Duong Industrial Zone (Ba Ria-Vung Tau). This plant is expected to have an annual capacity of 1.2 million tons and a total investment capital of 4,500 billion VND.At present, Nam Kim Steel operates three plants with a combined designed capacity of 1 million tons per year, specializing in producing cold-rolled steel, color-coated steel, galvanized steel and steel pipes. Upon completion of the new plant, the overall capacity of the entire system will more than double to reach 2.2 million tons per year.The construction of the new plant will commence in 2024 and span across three phases (each producing 400,000 tons) until the end of 2026. The new product will be galvanized steel used in household electrical appliances, requiring higher manufacturing technology than Nam Kim Steel鈥檚 current galvanized steel products, primarily used in construction.DSC believes this project will contribute to enhancing Nam Kim's competitiveness and revenue in the future by leveraging the advantage of low steel production costs domestically, thereby stabilizing profit margins.According to the business operations, Nam Kim Steel reported a revenue of 4,262.06 billion VND, a decrease of 3.7% compared to the same period. However, the after-tax profit recorded a gain of 23.66 billion VND compared to a loss of 418.69 billion VND in the same period, marking an increase of 442.35 billion VND. Notably, the gross profit margin shifted from a negative 3.6% to a positive 4.8%.Over the first nine months of 2023, Nam Kim Steel recorded a revenue of 14,136.76 billion VND, marking a 24.7% decrease compared to the same period, while the after-tax profit amounted to 109.74 billion VND, showing a 62.1% decrease from the corresponding period.It's known that in 2023, Nam Kim Steel set its business plan with a total revenue target of 20,000 billion VND, a 13.5% increase compared to the same period, and an estimated pre-tax profit of 400 billion VND compared to a loss of 106.91 billion VND in the same period, amounting to an additional 506.91 billion VND. Therefore, by the end of the first nine months of 2023, with a pre-tax profit of 146.97 billion VND, Nam Kim Steel had achieved 36.7% of the annual profit plan.

China's iron ore imports in November 2023 reached 102.74 million tons, up 3.37% over the previous month. Import volume in the first 11 months of 2023 increased by 6.2% over the same period. China's steel exports in November 2023 increased by 43.29% over the same period, steel imports in November decreased by 18.13% over the same period in 2022.According to Customs data, China's iron ore imports in November rose 3.94% year-on-year as steel mills' profit margins improved and the recovery of the CNY, which encouraged the purchase of steel production raw materials.As the world's largest consumer of iron ore, China imported 102.74 million tons of iron ore in November compared to 99.39 million tons in October 2023. November's imports maintained a high level for the fourth consecutive month and marked the fifth instance of surpassing 100 million tons in 2023.Mysteel鈥檚 data showed that iron ore inventories at surveyed mills increased 3.5%, reaching 93.02 million tons at the end of November. The Chinese yuan (CNY) appreciated 2.5% against the US dollar in November 2023.Customs data also revealed that China's iron ore imports in the first 11 months of 2023 increased 6.2% to a record high of 1.08 billion tons. Jiangsu Fushi Data Research Institute predicted that iron ore imports in December may remain at roughly the same level as last month as factories need supplies to meet production requirements during the New Year holiday in early January 2024. Buyers will settle their shipments via sea freight before the end of the year amid rising CNY, which means volumes this month will not be small.Regarding steel product exports, China recorded 8.01 million tons in November, up 43.3% over the previous year and 0.88% over October 2023. Besides, China imported 614,000 tons of steel products last month, down 18% compared to November 20233. The total imports for the first 11 months of 2023 stood at 6.98 million tons, down 29.2% compared to a year earlier.Where to contact reputable Vietnamese steel importers?AG真人游戏 Steel provides solutions for importing Vietnamese steel to many countries around the world. We have more than 12 years of experience in the field of sourcing and purchasing support for importers from the US, Europe, Australia, ASEAN,... helping customers connect with Vietnam's largest steel manufacturers at competitive prices.Currently, thanks to favorable trade policies and tariffs in import and export, Vietnam has become the main import market for many countries around the world.With the 13th largest crude steel output worldwide and increasingly invested and improved production technology, Vietnamese steel has a leading position in the international market. Therefore, customers are completely assured about product quality and international standards when choosing Vietnamese steel.For any need to learn about the market or steel products from Vietnam, customers can contact AG真人游戏 Steel via Whatsapp: +84 76 911 2358 or Email [email protected] for the most detailed advice.

According to Euroactiv, the Czech Republic recently requested the European Union to exempt Russia from import sanctions because the country couldn鈥檛 find alternative steel sources of supply. Prolonged shortages could cause severe damage to the manufacturing industries in the Czech Republic.1. The Czech Republic's industry heavily affected by the lack of Russian steel supplyThe EU imposed a ban on importing Russian iron and steel from March 2022 in response to the conflict between Russia and Ukraine. Accordingly, the European Commission (EC) directly targets Russian steel manufacturers by removing the protection mechanism for steel products imported into the region.Currently, the Czech Republic mainly imports heavy steel plates from Russia's Novolipetsk metallurgical mill until the contract expires at the end of 2024. The total steel consumption in the Czech Republic is estimated at around 500,000 tons per year, distributed to important industries such as construction and automobile manufacturing.Jozef Sikela, the Minister of the Czech Ministry of Industry and Trade, stated to the press 鈥淚n the current situation of the construction industry, such as the construction of bridges, we cannot do without steel鈥�. The Czech government has sent a request to the European council to exempt the ban on importing heavy sheet steel from Russia.Despite efforts to find alternative solutions for steel supply apart from Russia, they haven't found suitable partners yet. Currently, there are only a few heavy steel plate manufacturers in the world. The government of this country also contacted a number of Chinese factories but was unsatisfied with their product quality and supply capacity.According to the Czech Ministry of Commerce, the government is looking to ask the EU for an exemption from the ban on Russian steel import until 2028. Besides the Czech Republic, countries such as Italy and Belgium are also pushing the EU to lift restrictions on Russia's steel supply.Recently, the EU has tightened restrictions on importing iron and steel products from Russia by requiring importers to prove that their raw materials don't originate from Russia.Facing European sanctions, not only iron and steel but also products such as coal and crude oil are also significantly affected. This forces Russia to boost steel exports to other markets like T眉rkiye or other countries in Asia by competing on price with China.2. Solution to import Vietnamese steel to replace supply from RussiaCurrently, Vietnam is in the top 13 countries with the largest crude steel output globally, so it is fully capable of exporting large volumes with 100% Vietnamese input materials. In particular, Vietnam's largest steel corporations such as Hoa Phat, Formosa, Nam Kim,... can meet customers' steel standards and technical requirements.According to statistics from the General Department of Customs, as of October 2023, Italy is Vietnam's largest steel import market with 1.35 million tons, an increase of 128%. In addition, the rate of steel exports to the EU market also grew positively over the same period in 2022. According to the European Steel Association (EUROFER), Vietnam accounted for 8.1% of the total amount of finished steel products imported into Europe by the end of August 2023. Another positive signal for Vietnam's steel industry is that the proportion of Europe importing finished steel products from Turkey, China and India decreased while imports from Vietnam increased by 15%.The above data has proven that Vietnam is one of the heavy steel plate import markets that the Czech Republic can consider. In the context of the prolonged conflict between Russia and Ukraine and EU sanctions showing no signs of lifting, proactively finding new sources of supply to stabilize production is urgent. Vietnam has advantages in quality, price, trade defense measures, political relations,... helping Czech importers benefit better than other markets.Above is the latest information about the steel import situation of the Czech Republic in particular and the EU in general. If you need to learn about the market, products and import of Vietnamese steel, please contact AG真人游戏 Steel via Email [email protected] for the most thoughtful support.