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According to a report by the General Department of Vietnam Customs, the total import and export value of Vietnam's goods in July reached 57.97 billion USD, up 2.3% compared to June 2023. The total export value reached 30.07 billion USD, up 2.1% and the total import value reached 27 billion USD, up 2.4%. The export value of iron and steel of all kinds increased by 118 million USD, and the import of iron and steel in July increased by 66 million USD.1. General assessment of Vietnam's import and export situation in July 2023According to data from the General Department of Customs, the total import-export value of Vietnam's goods in July 2023 reached $374.36 billion, down 13.8% over the same period last year. In which, the total export value was 195.42 billion USD, and the total import value was 178.95 billion USD.Regarding the export market, the United States still holds the No. 1 position with an estimated turnover of 52.4 billion USD. In the first 7 months of 2023, the trade surplus to the US was estimated at 44.3 billion USD, down 24.1% over the same period last year. In addition, the EU and Japanese markets,... are also significant partners of Vietnam with a trade surplus to the EU estimated at 16.4 billion USD, and a trade surplus to Japan reached 0.9 billion USD.Regarding the import market, China is still the largest partner of Vietnam with a total estimated turnover of 58.6 billion USD. Besides, the trade deficit from Korea reached 15.5 billion USD, down 25.1%, and the trade deficit from ASEAN was 5 billion USD, down 35.3%.2. Vietnam's steel export situation in July 2023The total value of Vietnam's exports in the 2nd period of July 2023 reached 16.18 billion USD, up 17.2% compared to the 1st period of July 2023, fluctuated in a number of commodity groups such as phones of all kinds and components increased by 1.16 billion USD (equivalent to an increase of 70.6%), machinery, equipment, tools and spare parts increased by 351 million USD (equivalent to a rise of 22.1%), textiles and garments increased by 169 million USD (equivalent to an increase of 1.16 billion USD). 10.9%), iron and steel of all kinds increased by 118 million USD (equivalent to 38.4%).The export of HRC products in July 2023 is estimated at 346 thousand tons. The high output of hot rolled coil in the past month was thanks to the positive signal of HRC demand in the market, especially in Europe and Asia. Besides, Vietnam also takes advantage of commitments in the FTA Agreement and Certificate of Origin to open more export markets for iron and steel products. According to the Ministry of Industry and Trade, steel exports to the EU markets have made many positive developments thanks to the change in trade remedy policies effective from July 1, 2023.3. The situation of Vietnam's steel imports in July 2023According to the General Department of Customs, the total value of Vietnam's imported goods in the 2nd period of July 2023 reached 13.5 billion USD, up 0.9% compared to the first half of July. The items that increased the most were mobile phones of all kinds and components, which increased by 132 million USD (46%). Machinery, equipment, tools, and spare parts increased by 139 million USD (equivalent to 8.2%), maize by 72.6 million USD (equivalent to increased by 139%), iron and steel of all kinds increased by 66 million USD (corresponding to 17%), pharmaceuticals increased by 46.6 million USD (equivalent to 38.4%).Currently, Vietnam still imports iron and steel from China, Japan, and South Korea with key product lines such as flat-rolled products of iron or nonalloy steel, scrap steel, wire of iron or nonalloy steel, in coils (excluding bars and rods),鈥�4. Vietnam has stepped up negotiations and signing of agreements, commitments, and associationsAccording to the Ministry of Industry and Trade, the decline in steel imports and exports in the first 7 months of 2023 is because significant export partners of Vietnam such as the United States and the EU reduce investment in real estate construction works. ...Besides, the price of export goods tends to decrease sharply, such as iron and steel, down 24.8%. In addition, the reopening of China also increases competitive pressure on Vietnam's exports of the same type.In the coming time, the Vietnamese government plans to step up negotiations and sign new agreements, commitments, and trade links to diversify markets, products, and supply chains and boost exports. At the same time, the Ministry of Industry and Trade also strengthens early warning of trade remedy lawsuits and guides measures to respond to investigations to protect the interests of manufacturers and importers.

KIS Vietnam Securities Joint Stock Company believes that the steel industry will face many difficulties in 2023 if sales volume does not grow significantly.In the newly updated report, KIS Securities said that the revenue growth rate in the second quarter of 2023 of steel enterprises on the stock exchange decreased by 27.7% over the same period last year.The top nine steel companies in Vietnam all had negative growth. Hoa Phat recorded negative revenue growth of 21.1% over the same period last year. This is also the leading enterprise in the steel industry due to its dominant position. Similarly, Nam Kim also had negative revenue of 23.5%, while Hoa Sen had the most profound drop in revenue with negative growth of 29%.Although domestic demand is low, the number of products exported to other countries is relatively high. Strong growth of the steel industry through the export channel was seen in the total export volume of 2.1 million tons, up 25% year-on-year. Particularly for HRC products, 1.1 million tons have been exported, an increase of 128% over the same period last year and nearly 55% compared to the first quarter of 2023.In terms of profit, the growth momentum of total profit in the second quarter of 2023 for nearly half of the 24 Vietnamese steel enterprises recorded a decline. Total net profit reached 498 billion dong, down 89% over the same period last year but up slightly by 7% compared to the previous quarter.However, nearly half of the listed steel companies suffered losses in the second quarter. Among the top 9 enterprises in the steel industry, Nam Kim has the highest revenue, with a profit of 125 billion dong after losses in the previous 3 quarters, while Hoa Sen only has a profit of 14 billion dong. Hoa Phat's net profit dropped 64% over the same period last year (1,447 billion dong) but recovered significantly compared to the first quarter.KIS also forecasts that difficulties and challenges for the steel industry will still be present in the third quarter when the domestic market's demand is still fragile due to the rainy season's impact, and the product's selling price will affect the margin. Enterprise profits. The export channel is still a bright spot for steel enterprises. It is forecasted that the total consumption volume in the third quarter may decrease by 9% compared to the previous quarter to 5.8 million tons.For input materials, KIS believes that input prices of steel industry materials will increase due to positive signs from the Chinese market. However, the output prices of steel products will not increase at the same rate as the market input prices. Therefore, the profit margin of steel producers will be slightly affected by falling selling prices but will remain flat in the third quarter thanks to low and stable input material costs. KIS forecasts that the HRC price recovery in the third quarter will positively affect the revenue and profit of companies from the end of September and throughout the fourth quarter of this year.KIS said that the steel industry is still facing many difficulties in the context of decreasing market demand. In addition, slowing global economic growth and domestic issues related to the bond and real estate sectors may further threaten the industry's business results, and weak demand will remain a significant concern this year.

Recently, the Trade Remedies Department has just received information that Morocco has issued a conclusion to review safeguard duties on imported hot-rolled steel for products with HS codes 72.08, 72.11.13, 72.11.14, 72.11.19, 72.25.30, 72.25.40, 72.26.20.00.11, 72.26.20.20, 72.26.20.05, 72.26.20.052.72.26.20.00 .59, 72.26.91 and 72.26.99.980.00. Vietnam's hot-rolled steel continues to be exempt from Morocco's safeguard duty because of a developing country with negligible imports.1. Morocco imposed a safeguard duty of up to 25% on imported hot-rolled steelAccording to data from the General Department of Trade - Ministry of Industry and Trade of Morocco, the country's imported hot-rolled steel output reached 107,213 in 2018, an increase of 32,725 tons compared to 2014. In addition, only in the first 7 months of 2018, Morocco imported 79,371 tons of HRC, equal to 74% of the total output of the previous year. The massive import of hot-rolled steel pushed domestic manufacturers to bankruptcy when production and consumption of hot-rolled steel plates decreased by 19.4% and 28% in 2017 and 2018, respectively.Faced with concerns about dumping by foreign importers causing difficulties for the domestic steel market, Moroccan authorities have initiated a safeguard investigation into hot rolled steel imported into the country on May 29, 2019. The products under investigation fall under the following HS code groups: 7208, 7211.13, 7211.14, 7211.19, 7225.30, 7225.40, 7226.20.00.11, 7226.20.00.21, 7226.20.00.30, 7226.20. 00.40, 7226.20.00.51, 7226.20.00.52, 7226.20.00.59, 7226.91, 7226.99.90.91 and 7226.99.90.99.On October 22, 2019, the Moroccan government announced the imposition of a temporary safeguard duty of 25% on imported hot-rolled steel plates, effective for 200 days. After the sunset review, on June 19, 2020, the Moroccan government imposed a definitive anti-dumping duty on products with the above HS code group for a period of 3 years at a duty rate of 25%.Some developing countries, including Vietnam, are exempt from duty because of their negligible import volume. On May 3, 2022, Morocco sent a notice to the WTO approving a request to reduce the safeguard duty rate on imported HRC products by 1% each subsequent year.2. Vietnam hot rolled steel is not subject to Morocco's safeguard dutyOn May 25, 2023, Morocco conducted a sunset review of safeguard measures for imported hot rolled steel products and decided to maintain the duty rate of 23% from June 19, 2023, to June 18, 2026, but reduce 1% each subsequent year. However, Vietnam continues to be excluded from the safeguard measure because of a developing country with negligible import volume.According to World Trade Organization (WTO) statistics, by the end of 2021, Morocco has conducted 17 anti-dumping investigations and 12 global safeguard cases against imports into the country. 3. Advantages of importing hot rolled steel from VietnamVietnam has a self-sufficient source of hot rolled steel to serve domestic and export demand with a total production capacity of 12.8 million tons/year. All products are manufactured according to modern continuous casting and rolling production lines, which can reach a minimum thickness of 1.2 - 2mm to meet many international standards such as JIS, MS, SAE, BS, EN,...Some fastidious markets such as Europe, the United States, Australia, the UK,... are significant for the certificate of origin, so the autonomy of hot-rolled steel produced in Vietnam has opened up many export opportunities across countries.In addition to product quality, importing hot rolled steel from Vietnam also has the advantage of cost optimization due to cheap labor and abundant raw materials. Data from the General Department of Vietnam Customs said that steel export output in April 2023 reached 973,549 tons of iron and steel, reaching 812 million USD, up 11.4% and 18% respectively over the previous month. In the first 4 months of 2023, Vietnam exported 3.25 million tons of iron and steel with a value of 2.52 billion USD, up 0.6% in volume.Importing hot-rolled steel from Vietnam into Morocco is exempt from safeguard duty, helping Moroccan importers access an ample HRC supply at a better price than other exporting countries. For all inquiries about the Vietnam steel market, please contact AG真人游戏 Steel via Email at [email protected] for 24/7 support.

In the second quarter of 2023, VNSteel lost VND 255 billion, along with the net revenue decreased by 29% compared to the same period last year. Besides, the company also recorded a loss of 324 billion dongs from associated companies in the steel industry.The VNSteel's report has made many investors disillusionedAccording to the report data, VNSteel's net revenue reached 6,754 billion VND, and it decreased 29% over the same period. After deducting the cost price, gross profit was only 94 billion VND and decreased sharply by 57% compared to the previous second quarter. Total net revenue of the first 6 months in 2023 reached 15,097 billion VND, down 31 % compared to the first 6 months in 2022. Similarly, the gross profit index showed negative signals when it reached VND 480 billion in 6 months and decreased by 25% over the same period.Although the revenue in the second quarter was a step down compared to last year, there were still some bright spots in the company's business. Financial revenue in this period increased by 15% compared to last year. Besides, financial and selling expenses were also reduced by 11% and 55%, respectively, compared to the previous quarter.Efforts to cut costs and boost financial activities have not been enough to improve business results. VNSteel's profit after tax in the second quarter of 2023 lost 284 billion and fell sharply by 57% compared to the second quarter of 2022. This result surprised many investors when just 3 weeks ago VNSteel had reported a pre-tax profit of the holding company of more than 133 billion dongs.Steel price fluctuations are the direct cause of VNSteel's difficultiesVNSteel evaluates that the domestic steel market has many challenges. Although the worst time has passed, the domestic demand is gloomy, and the export situation has not made many strong impressions, which has affected the Vietnamese steel enterprises.Since the beginning of the year, the domestic market has experienced 19 corrections in construction steel prices. Specifically, in the first quarter, there were price increases, but from the beginning of the second quarter onwards, the price of construction steel has adjusted 13 consecutive declines. The average price of all steel products in the past 6 months fell sharply from 13.9 to 37% over the same period.Steel consumption is also not very optimistic when finished steel decreased by 30% over the same period, long-rolled steel decreased by 33%, and cold-rolled coil decreased by 24%. In the first 6 months of the year, total sales volume only achieved 38% of the previous strategy. The weak domestic demand and the international steel demand have uncertainties leading to the narrowing of export scope.Outlook for steel industry recovery from the government's supportive policiesAlthough the steel market is still facing many difficulties; However, the period from now to the end of the year is predicted to have many outstanding highlights from the government's supportive policies in the real estate and construction sectors.The National Assembly has approved an economic recovery support package worth 355,000 billion VND, of which nearly 50% of the package value will be spent on infrastructure development such as Long Thanh airport, North鈥揝outh Expressway East, and logistics ports,... The promoting constructive stages is expected to increase the steel consumption demand.In addition, the government approved the project 鈥業nvesting in building at least 1 million social housing apartments鈥� earlier this year. The implementation of housing construction projects is considered a breakthrough to help revive domestic steel enterprises to solve the problems in consumption demand.It can be seen that the current situation of the steel market is still under pressure, but with a series of economic stimulus policies of the government, the domestic steel industry is expected to prosper gradually in the near future. 

Recently, Nam Kim Group announced its latest financial report for the second quarter of 2023. Accordingly, the profit after tax in the first 6 months of the year reached 76,2 billion dong. This is also the first quarter of profit after losing business in the previous quarters.In the second quarter of 2023, Nam Kim Group recorded net revenue of 5,499 billion dong, down 23.6% year-on-year. The cost of goods sold also decreased by 20.6% to 5,004 billion dong, so gross profit decreased by 44.5% to 496 billion dong.Financial revenue for Nam Kim Group decreased by 53.7% to 50,5 billion dong. The company's expenses in the last quarter also decreased, in which selling expenses decreased by 60% to 214 billion dong.Nam Kim's leadership also said that 2023 would be a year of many challenges and not really favorable for growth when domestic market demand is still weak. Countries also strengthen trade protectionist policies to protect the production sources of domestic enterprises, negatively affecting Nam Kim Group's export activities. However, the most difficult period has passed when the business activities of enterprises have had a positive trend.In the second quarter of 2023, Nam Kim's profit after tax reached 125,4 billion dong, down 38% over the same period last year. This is also the first quarter to be profitable again after reporting losses in previous quarters. In terms of business orientation in 2023, Nam Kim Group sets a business target of 20,000 billion dongs in revenue and an expected profit before tax of 400 billion dongs. Thus, at the end of the year's first half, with what has been achieved, Nam Kim Group has completed 49% of the revenue target of 9,874 billion dong and 29% of the year's profit target of 76,2 billion dong. If this result remains unchanged, Nam Kim shares may be traded on margin again in the near future.Nam Kim Group will also optimize the capacity of production lines to increase capacity to 1,2 million tons per year, thereby increasing productivity, reducing production costs per product unit, and increasing capacity enterprise competition.By the end of the second quarter, Nam Kim's total assets reached 12,179 billion dongs, down 9.5% over the same period last year. The company has 950 billion dongs in cash and 134.5 billion in cash equivalents. At the end of the period, financial investment reached 396 billion dongs, investment in trading securities alone reached 120 billion dongs, almost all of which were bonds, and more than 9 billion dongs were invested in 1,174 BID shares.In addition, Nam Kim Group also had 1,885.6 billion dongs of short-term receivables, up 24%. Inventories have decreased by 25.3 billion dongs to 5,385 billion dongs, and Nam Kim has set aside 156.4 billion dongs to reduce inventory prices.On the stock market, after the trading session on July 28 closed, Nam Kim Group shares increased by 0.76% to 19,800 VND/stock, and trading volume reached more than 8,5 million units. 

The Pomina Steel Board of Directors recently announced the decision to sell nearly 70.2 million shares, equivalent to 20% of the Pomina stake to Nansei Steel Japan. Accordingly, the price per share is listed at 10,000 VND (0,42$) and is about 35% higher than the market price. Overview of the dealing Pomina stake eventOn July 14, the  General Meeting of Pomina Steel Shareholders said that the stock issuance process would be divided into two rounds; the first round will take place in August with more than 10.6 million shares, and the remaining shares will be completed in September 2024. However, the Japanese partner will not be allowed to transfer shares for the first 3 years since the transaction started.Nansei Steel is a steel manufacturer and exporter based in Chiba, Japan, this business has just been established in Vietnam for half a year. Answering the news conference, Mr. Inafuku Makoto said that the company has had the opportunity to cooperate with Pomina steel company since 9 years ago. The result of this cooperation is the transfer of a 20% Pomina stake with a value equivalent to 20 million USD.Mr. Inafuku Makoto stated at the general meeting of shareholdersCurrently, Pomina only has one major shareholder Vietnam Steel Production and Trading Co Ltd with an ownership rate of more than 53.3% of the capital, but after completing the offering, Nansei Steel will be the second largest shareholder in Pomina. Some news sources indicated that this money was used to renew working capital as well as to invest in the blast furnace with a capacity of 1 million tons into operation.Transferring Pomina stake is an excellent solution to overcome financial difficultiesPomina is deep into a difficult financial period due to the influence of the domestic steel consumption market from 2022 to the present. Last year, the company made a loss of profit after tax of nearly 1100 billion dong and another 186 billion dong in the first quarter of 2023. According to the management, cooperating and transferring shares with Nansei Steel is the best solution to help the company have enough financial resources to meet market demand in the next half year.According to Pomina's CEO, the Vietnamese steel market in the period 2024 may prosper thanks to public investment; however, the growth percentage in consumption is only from 15 to 20% because the demand for Vietnam's steel consumption mainly comes from the real estate sector. Therefore, also at the meeting of shareholders, Pomina set a revenue target of 9,000 billion dongs this year, and the loss of after-tax was reduced to 150 billion dongs. This figure is much lower than the target set in the previous annual report because the situation of Vietnamese steel in the first half of this year is still gloomy and there are not many strong breakthroughs.In the first half of 2023, although the Vietnam steel market has passed the most challenging period, the recovery rate is still prolonged because the demand for steel is not diversified and only focuses on the real estate sector. However, in the future, the domestic steel consumption market will have more bright spots when Vietnam is promoting investment strategies in automobile manufacturing and renewable energy industries. These two fields have strong steel consumption when most of their parts and components are made of steel to increase sustainability. 

The trend of steel import is facing many challenges and the risk of cutting production due to world fluctuations such as the extended Russian-Ukrainian conflict,... According to the latest report of the Vietnam Steel Association (VSA), the total export and import turnover of goods in June 2023 was estimated at USD 145 million, down 22.3% over the same period in 2022. Which export of construction steel reached 149,623 tons, down 21.5%.1. General assessment of Vietnam's import and export situation in June 2023The total export and import turnover of goods in June 2023 was estimated at 145 million USD, down 22.3% over the same period last year. Generally, in the first half of 2023, goods' total export and import turnover reached 930.6 million USD, down 14.2% over the same period in 2022. Which export of goods was estimated at 730 million USD, down 14.4%; the import was estimated at 200.6 million USD, down 13.4% over the same period.Regarding the market, the US is still Vietnam's largest export market with an estimated turnover of 44.2 billion USD, China is the largest import market with a turnover of 50.1 billion USD. Trade surplus to the US was estimated at 37.2 billion USD, down 24.9% over the same period last year; to the EU was estimated at 14.5 billion USD, down 9.8%; to Japan reached 1.2 billion USD; from China reached 24.5 billion USD, down 30.9%; from Korea reached 13.4 billion USD, down 34.8%; from ASEAN reached 4 billion USD, down 39.1%.2. Vietnam's steel export situation in June 2023Regarding exports, the export turnover of goods in June 2023 was estimated at 29.3 billion USD, up 4.5% over the previous month thanks to strongly promoted trade promotion activities.In June 2023 alone, construction steel production reached 738,196 tons, down 9% from the previous month and 20% over the same period last year. Construction steel export output reached 149,623 tons, down 21.5%, of which flat billet had the largest output with more than 210 thousand tons. Ranked 2nd and 3rd respectively are hot rolled coils with over 280 thousand tons and galvanized steel with over 220 thousand tons.Currently, the price of iron ore 62% is trading at 112 USD/ton, a negligible increase compared to the beginning of June 2023. The average price of iron ore in the second quarter is about 113 USD/ton, down 11% compared to the beginning of the first quarter of 2023 and down 19% compared to the same period in 2022. Coking coal price is about 230 USD/ton FOB, the average trading volume price level in the first half of 2023 was 293.6/ton USD, down 36.9% over the same period last year.3. Vietnam's steel import situation in June 2023According to data from the Vietnam Steel Association (VSA), the top 3 steel products with the highest import volume in June 2023 were hot rolled coil, scrap steel and stainless steel, reaching respectively 197,727 tons, 52,455 tons and 33,926 tons. In which, China's hot-rolled steel imports were 102,433 tons, accounting for 52% of Vietnam's total import volume. China's increase in steel exports has created robust pressure for domestic enterprises, causing consumption output to plunge and unstable steel prices.VSA's explanation for the strong import of foreign steel into Vietnam is that the duty rate applied to imported steel products is 0%. Not only that, trade remedies such as steel billet safeguards have been removed, so most steel products such as galvanized steel sheets, pre-painted steel sheets, prestressed concrete or steel pipe are not subject to any defense measures. Because of the convenience and ease of not having a strict quality inspection process like in other countries, the steel output imported into Vietnam is very diverse in terms of type, quantity, and quality.The above is a report on Vietnam's steel import and export situation in June 2023 with fluctuations and changes in the world economy. AG真人游戏 Steel will continuously update news about the domestic steel market, so do not forget to follow mrssteel.com.vn to receive the latest articles. For questions and advice on importing Vietnamese steel, don't hesitate to get in touch with AG真人游戏 Steel via Email at [email protected] or Whatsapp at +84 76 911 2358.

According to the General Department of Vietnam Customs report, thanks to the trade promotion activities, the import and export turnover in May 2023 was estimated at 55.86 billion USD, up 5.3% compared to the previous month. The export of iron & steel reached 1.13 million tons, and the import of iron & steel of all kinds in May 2023 reached more than 838,000 tons.1. General assessment of Vietnam's import and export situation in May 2023According to preliminary data in May 2023 from the General Department of Customs, the country's total import and export value reached 54.08 billion USD, up 1.9% (equivalent to 1 billion USD) compared to the previous month. Export value was 28.04 billion USD, up 0.6% (equivalent to 176 million USD) and import value was 26.04 billion USD, up 3.3%.Regarding the export market, the United States is still Vietnam's largest partner with an estimated turnover of 37.2 billion USD. China is the largest import market of our country with an estimated turnover of 43.4 billion USD. In the first 5 months of 2023, Vietnam's trade surplus to the US was estimated at 31.2 billion USD; to the EU was 12.6 billion USD; to Japan was 521 million USD.2. The situation of Vietnam's steel exports in May 2023Merchandise exports in May 2023 reached 28.04 billion USD, up 0.6% (equivalent to 176 million USD) over the previous month. The commodity groups with the most substantial increase in value were textiles and garments with an increase of 376 million USD, vegetables and fruits by 265 million USD, iron & steel of all kinds with an increase of 118 USD, crude oil by 98 million USD, compared to the previous month.Iron & steel exports of all kinds in May 2023 reached 1.13 million tons, bringing the total export volume of this commodity in the first 5 months of 2023 to 4.38 million tons, up 10.4% over the same period last year. The main reason is that the import demand of the EU market increased by 55% and reached 1.36 million tons. Among 27 European countries, Italy is the largest importer of Vietnamese steel with nearly 696,000 tons, up 121% over the same period last year.According to the Ministry of Industry and Trade, Vietnam's future steel exports to the EU market will have many advantages thanks to changes in trade remedy policies for some steel products imported from developing countries in the WTO. According to the new regulations, valid from July 1, 2023, Vietnam benefits significantly from this quota expansion.Vietnam's most prominent steel export market is the ASEAN region with about 36% market share. In the first 5 months of 2023, the amount of iron & steel exported to the ASEAN market was 1.53 million tons.3. Vietnam's steel import situation in May 2023According to the General Department of Customs, the import value of goods in May 2023 reached 26.04 billion USD, up 3.3% (equivalent to 827 million USD) over the previous month. In the group of raw materials with increased the most such as crude oil increased by 40.1%, gasoline of all kinds increased by 20.8%, and coal of all kinds increased by 14%. Meanwhile, the commodity groups with a sharp decrease were iron & steel scrap, down 53.1% (equivalent to 137 million USD), and iron and steel and products down 7.4% (equivalent to 95 million USD).Iron & steel imports of all kinds in May 2023 reached more than 838,000 tons, down 18.9% over the previous month, worth 772 million USD, down 13.5%. Thus, in the first 5 months of 2023, Vietnam imported 4.61 million tons of iron & steel of all kinds, reaching 3.16 billion USD, down 29.7% in value over the same period last year.Currently, Vietnam mainly imports iron & steel products of all kinds from main markets including China with 2.49 million tons, up 14.5%, Japan with 737,000 tons, down 15.3%, Korea reached 409,000 tons, down 27.2%...compared to the same period in 2022.4. AG真人游戏 Steel provides prestigious Vietnamese steel import solutionsAG真人游戏 Steel is one of the units sourcing and supporting the export of Vietnamese steel to the markets of ASEAN, Europe, the United States, the UK, India, Turkey,... With many years of experience in the field of supplying cheap and quality steel from Vietnam's largest steel corporations such as Hoa Phat Group, Hoa Sen Group, Ton Nam Kim, Ton Dong A,... AG真人游戏 Steel is proud to be a reliable partner for importers all around the world.When buying domestic products, international customers often face language, market, customs policy, and duty rate difficulties. In addition to acting as an intermediary to help importers connect with Vietnamese manufacturers, AG真人游戏 Steel also supports procedures, delivery processes, customs clearance, the commitment that goods are imported on time, and your request.Facing the continuous changes in the world economy, updating the latest steel import and export data will help importers have more data and bases to make the best purchasing decisions. For any questions and contact to buy Vietnamese steel, please contact AG真人游戏 Steel via Whatsapp: +84 76 911 2358

On the market today, steel coil is a commonly used type with many different types. However, many people still do not distinguish between the types of steel coils and their uses. Let's find out more about AG真人游戏 Steel in the following article.1. What is a steel coil? The steel coil is a steel type that is quite commonly used today. This type of steel is produced with a smooth or ribbed surface that is curled together. Making quality steel coils requires a complex steel production process that requires high technical and technological qualifications. Depending on the needs and purposes of use, there will be different types of steel coils.2. Application and classification of steel coil 2.1 Hot rolled coil Hot-rolled coil is the finished product of the process of smelting, casting billets, and hot rolling at a temperature of 10000 掳C. This steel is the raw material for creating cold-rolled coil, welded steel tubes, and cast steel pipe. Normally, a hot-rolled coil will have a blue-black color and a rough surface that is less aesthetic.Hot-rolled coils are commonly used in the automobile industry, railways, shipbuilding, roofing corrugated iron, the production of H- and I-shaped steel beams, moving floors, ladders,...2.2. Cold rolled coil The cold-rolled coil is a hot-rolled coil after cooling and re-rolling at room temperature to produce cold-rolled coil products with the desired shape and size. This process will not change the structure of the steel, but only the shape of the steel in accordance with the needs and purposes. However, if the cold rolling process is not strictly controlled, it will deform the product. The cold-rolled coil has a smooth surface, so it ensures higher aesthetics and durability.Cold-rolled coils are often used to make flat sheet products such as steel plates, coils, laminates, round and square details,.. and products with smooth surfaces. 2.3. Galvanized steel coilThe galvanized steel coil is a cold-rolled coil that is additionally plated with a layer of zinc on the outside of the surface. This is one of the most influential and economical methods of protecting steel from corrosion under the influence of the environment.Galvanized steel coils are widely used in building architecture, roofing, ventilation systems, solar water heaters, televisions, refrigerators, the automobile manufacturing industry, the manufacturing industry,...2.4. Stainless steel coilStainless steel is a steel alloy with a minimum chromium content of 10.5%, which is a standard metal in Vietnam and is commonly known as stainless steel. Manufacturers often choose to use stainless steel as a metal production material because it has good corrosion resistance, oxidation resistance, high strength, and does not stain or rust. Stainless steel is commonly used in many industries and construction projects, such as aerospace, architecture, medical, home appliances, and jewelry...2.5. Pre-painted steel coilPre-painted steel coil, also known as color-coated corrugated iron, is a type of corrugated iron made of galvanized steel coated with a layer of color paint to increase the aesthetics and longevity of the building. Pre-painted steel coil has high strength, good bearing capacity, corrosion and rust resistance, and many different designs and shapes suitable for each type of construction.Pre-painted steel coils are used to make roofing sheets, rolling doors, interior decoration,... In addition, it is also used to make industrial electrical products, household appliances, insulation systems,...3. Reputable coil supplier in Vietnam Buying coils becomes more manageable when many enterprises produce and trade coils in Vietnam. However, buying quality coils at a reasonable cost is not easy, especially for foreign enterprises. With more than 12 years of experience in the steel industry, AG真人游戏 Steel will help you make the right choice for your project. If you have a need to buy coils, please contact us via:WhatsApp: +84 76 911 2358Email: [email protected]

According to the latest iron and steel market report, steel sales volume in May reached more than 2.3 million tons, up about 13.6% month over month and on par with the same period in 2022. This is the best result from the beginning of the year so far, and the steel industry is expected to recover in the fourth quarter of 2023.Demand for steel market is still weakAfter a period of consecutive price increases, the world steel market tends to slow down and pause at 113.37 USD/ton, a slight increase of about 0.71%. Global steel demand has the potential to start recovering in 2023 after falling 3.2% in 2022. Accordingly, two regions, including East Asia and Southeast Asia, will contribute most of the growth in demand in 2023.In the first half of 2023, the iron ore market recorded many fluctuations when it sometimes reached 130 USD/ton, thanks to the recovery of China - the world's No. 1 steel market. However, iron ore prices then fell again due to slower global economic growth.The iron and steel market slowed down because the Chinese government's economic recovery stimulus policies were not strong enough. Especially in the real estate sector, which consumes a lot of iron and steel and is the driving force for the economic development of this country.Similarly, the North American market, the region that consumes about 7.5% of global steel production, is also facing high-interest rate pressure, bringing the risk of recession. In the European market, which currently accounts for more than 8% of steel consumption, after raising interest rates in June 2023, steel demand in this region is expected to decrease by about 1% in 2023 before recovering by about 5.4% by 2024.The steel market rises up against difficulties and challengesIn 2022, Vietnam will be the 13th largest steel exporter in the world, accounting for 3.4% of the global market share, and it will also be the 12th largest steel importer in the world, accounting for 5.5% of the world's total. This contributes to affirming the position of Vietnam's steel industry in the world steel market. The low iron and steel prices will benefit the imports of Vietnamese enterprises. In the first 5 months of the year, the whole country imported about 4.6 million tons of iron and steel, down about 12.4% in volume and nearly 30% in turnover due to the much lower iron and steel prices. In contrast, Vietnam exported nearly 4.3 million tons of iron and steel, up 10% over the same period last year.The domestic steel market weakened, forcing factories to reduce prices to increase competitiveness and boost consumption. In the first 5 months of the year, nationwide steel production reached more than 11 million tons, down 22% compared to last year. Steel products sold reached 10.4 million tons, down 19.3%; exports reached more than 3.1 million tons, up 2.6%.With the above signs, it can be seen that the steel market is moving in a positive direction. Difficulties will ease at the end of the year, especially in the fourth quarter of 2023, because this is the period of high demand when the works are accelerated. Besides, public investment will continue to support domestic steel demand.