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VSA: Vietnam Steel Market Situation in May 2019 and the First Five Months of 2019

https://en.steelhome.com [SteelHome] 2019-06-18 14:17:19

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Industrial production in the first 5 months of 2019 achieved a good growth thanks to positive production results in May of a number of industries including processing and manufacturing.

T1: Raw Materials and steel Price

 

Price (USD/ton)

Compared with the beginning of April 2019 (USD/ton)

62% Fe iron ore

97-98(CFR)

+2

Coking Coal

182 (FOB)

-

Steel scrap

312 (CFR)

-2

Graphite electrodes

4000-6000

/

Note: price on 7 June 2019

T2: Production and Sales of Steel Products in May 2019

 

May 2019

Jan.-May 2019

Volume (tonnes)

Compared with May 2018

Volume (tonnes)

Compared with Jan.-May 2018

Production

2,285,801

+8.8%

10,565,896

+9.2%

Sales

2,037,983

+10.2%

9,783,607

+11.1%

The situation of import and export of steel products:

Import situation

By the end of April 30, 2019, imports of finished steel products and semi-finished products of all kinds reached more than 6.1 million tons, with a total import turnover of over 3.7 billion USD.

-In the first 4 months of 2019, the import of finished steel products was more than 4.8 million tons, of which the import of some steel products increased highly over the same period as:

+ long products: 425,000 tons, up 51.3%;

+ flat products: 83,000 tons, up 23%

Particularly in April 2019, KL galvanized steel sheet & color coated paint increased by 24%, in which colored corrugated iron increased by 55%, galvanized galvanized by 25%;

Export situation

As of April 30, 2019, Vietnam exported more than 2.766 million tons of steel, up 13.7% in volume over the same period in 2018.

-The total export turnover in the first 4 months of 2019 reached more than USD 1.8 billion.

-In which, export of some steel products with advantages of Vietnam reduced as:

+ Galvanized steel KL & SPM: down 15.5%;

+ Steel pipe: down 16.6%;

+ Cold rolled steel: down 6.1%


(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358)
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