|
The domestic macro economy in the first 6 months of 2019 achieved
remarkable results in the context of slowing global economy: GDP in the
first 6 months reached 6.76%, lower than the same period last year
(7.05%); GDP in the second quarter of 2019 grew 6.71%, only slightly
decreased.
T1: Raw Materials and steel Price
|
|
Price (USD/ton) |
Compared with the beginning of April 2019 (USD/ton) |
|
62% Fe iron ore |
115-116(CFR) |
+15 |
|
Coking Coal |
173 (FOB) |
- |
|
Steel scrap |
305 (CFR) |
-10 |
|
Graphite electrodes |
4000-6000 |
/ |
|
HRC* |
503 (CFR) |
-40 |
Note: price on 7 July 2019
*HRC price was on June 7 2019, compared with the early May 2019.
T2: Production and Sales of Steel Products in June 2019
|
|
June 2019 |
Jan.-June 2019 |
|
Volume (tonnes) |
Compared with May 2019 |
Compared with May 2018 |
Volume (tonnes) |
Compared with Jan.-June 2018 |
|
Production |
2,078,626 |
-9.06% |
+1% |
12,644,522 |
+7.7% |
|
Sales |
1,870,649 |
-6.35% |
+4.3% |
11,654,256 |
+9.8% |
The situation of import and export of steel products in May 2019:
Import situation:
- At the end of May 31, 2019, import of finished steel products and
semi-finished products of all kinds reached more than 8 million tons,
with a total import turnover of more than 4.8 billion USD.
- In the first 5 months of 2019, the import of finished steel products
was more than 6.2 million tons, of which the import of some steel
products increased highly over the same period as:
+ Steel wire: 121,412 tons, up 16.1%;
+ Shaped steel: 134,258 tons, up 55.7%;
- Top 5 countries supplying steel to Vietnam are China, Japan, Korea,
Taiwan and India respectively
The volume and price of steel imported into Vietnam by May 2019
(According to Vinanet)
Export situation:
- As of May 31, 2019, Vietnam exported more than 3.46 million tons of
finished and semi-finished steel products, an increase of 14% in volume
over the same period in 2018. Total export turnover 5 the first month of
2019 reached more than 2.25 billion USD. In particular, export of some
steel products with advantages of Vietnam decreased as:
- Galvanized steel KL & SPM: down 17.1%;
- Steel pipe: down 14.1%;
- Cold rolled steel: down 2.3% |
