Vietnam Steel Comprehensive Report Q1/2020
VIETNAM STEEL INDUSTRY
The first 9 months of 2019 is a period of time when the steel market has many positive changes: the domestic steel price is up due to the fluctuation of raw material prices, but the steel market is very exciting due to the import demand. for the rising construction season.
Regarding construction steel, although the market has a relatively good growth in output, the production and business efficiency of enterprises has not increased accordingly. Construction steel consumption increased by 20.71% compared to the same period of 2018.
Regarding flat steel, 2018 was also a particularly difficult year for flat steel units. At present, 2 steel projects (Vietnam - China Steel Factory, Phase 2 Expansion Project of Thai Nguyen Iron and Steel Plant) are not yet overcome all difficulties, depending on the protection policy of steel billets of industry and trade sector. Ore consumption, especially currently, has a large capital imbalance.
Regarding steel trade, despite facing many export problems, Vietnam still increased by 23.45% in volume and 8.78% in value respectively. In the first 9 months of 2019, China was still Vietnam's largest supplier, accounting for 40.95% of total steel imports.
2019 is a year the steel industry continues to face many difficulties. It is difficult because the protection trend in the world is still increasing, the US-China trade war has not ended, raw material prices continue to be unstable, which will have an impact on Vietnam's steel industry.
However, the Vietnam Steel Association has a rather optimistic view with the steel industry. In 2019, Vietnam's steel industry still has a chance to grow when the Government still targets high economic growth at 6.8-7%. After 3 years of shortfall in public investment disbursement, in 2019, the Government is determined to accelerate disbursement. When the disbursement situation gets better, new construction projects will increase and steel consumption will prosper. Accordingly, in 2019, steel industry's growth may still be at 10%.ng 3.92 million tons.
The first 9 months of 2019 is a period of time when the steel market has many positive changes: the domestic steel price is up due to the fluctuation of raw material prices, but the steel market is very exciting due to the import demand. for the rising construction season.
Regarding construction steel, although the market has a relatively good growth in output, the production and business efficiency of enterprises has not increased accordingly. Construction steel consumption increased by 20.71% compared to the same period of 2018.
Regarding flat steel, 2018 was also a particularly difficult year for flat steel units. At present, 2 steel projects (Vietnam - China Steel Factory, Phase 2 Expansion Project of Thai Nguyen Iron and Steel Plant) are not yet overcome all difficulties, depending on the protection policy of steel billets of industry and trade sector. Ore consumption, especially currently, has a large capital imbalance.
Regarding steel trade, despite facing many export problems, Vietnam still increased by 23.45% in volume and 8.78% in value respectively. In the first 9 months of 2019, China was still Vietnam's largest supplier, accounting for 40.95% of total steel imports.
2019 is a year the steel industry continues to face many difficulties. It is difficult because the protection trend in the world is still increasing, the US-China trade war has not ended, raw material prices continue to be unstable, which will have an impact on Vietnam's steel industry.
However, the Vietnam Steel Association has a rather optimistic view with the steel industry. In 2019, Vietnam's steel industry still has a chance to grow when the Government still targets high economic growth at 6.8-7%. After 3 years of shortfall in public investment disbursement, in 2019, the Government is determined to accelerate disbursement. When the disbursement situation gets better, new construction projects will increase and steel consumption will prosper. Accordingly, in 2019, steel industry's growth may still be at 10%.ng 3.92 million tons.
Abbreviations
Executive summary
I. Business environment
1. MACROECONOMIC CONTEXT
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTION PROCESS
3. PRODUCTION TECHNOLOGY
4. RAW MATERIALS
5. PRODUCTION
6. CONSUMPTION
7. IMPORT – EXPORT
8. CURRENT SITUATION OF KEY NATIONS IN THE INDUSTRY
9. REGIONAL CURRENT SITUATION
10. MAJOR COMPANIES IN THE INDUSTRY
III. Vietnam market
1. HISTORY OF DEVELOPMENT
2. INDUSTRY VALUE CHAIN
3. PRODUCTION TECHNOLOGY
4. INPUT MATERIAL
5. SCALE
6. CONSTRUCTION STEEL
7. STEEL PIPE
8. GALVANIZED STEEL
9. IMPORT – EXPORT
10. INVENTORY
11. DISTRIBUTION SYSTEM
12. COMPETITIVENESS ANALYSIS
IV. Industrial risk
1. RISK
2. SWOT ANALYSIS
V. Planning and prediction
1. PLANNING AND DEVELOPMENT
2. GLOBAL MARKET FORECAST
3. LOCAL MARKET FORECAST
VI. Enterprise analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
VII. Financial Statements Appendix
Executive summary
I. Business environment
1. MACROECONOMIC CONTEXT
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTION PROCESS
3. PRODUCTION TECHNOLOGY
4. RAW MATERIALS
5. PRODUCTION
6. CONSUMPTION
7. IMPORT – EXPORT
8. CURRENT SITUATION OF KEY NATIONS IN THE INDUSTRY
9. REGIONAL CURRENT SITUATION
10. MAJOR COMPANIES IN THE INDUSTRY
III. Vietnam market
1. HISTORY OF DEVELOPMENT
2. INDUSTRY VALUE CHAIN
3. PRODUCTION TECHNOLOGY
4. INPUT MATERIAL
5. SCALE
6. CONSTRUCTION STEEL
7. STEEL PIPE
8. GALVANIZED STEEL
9. IMPORT – EXPORT
10. INVENTORY
11. DISTRIBUTION SYSTEM
12. COMPETITIVENESS ANALYSIS
IV. Industrial risk
1. RISK
2. SWOT ANALYSIS
V. Planning and prediction
1. PLANNING AND DEVELOPMENT
2. GLOBAL MARKET FORECAST
3. LOCAL MARKET FORECAST
VI. Enterprise analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
VII. Financial Statements Appendix
LIST OF FIGURES
Figure 1: GDP growth by quarter, 2016 - 2019
Figure 2: Urbanization rate in Vietnam, 2012 - 2019
Figure 3: VND / USD exchange rate, 1/2013 - 12/2019
Figure 4: Coal price movements, 2013 – 2019
Figure 5: Coal production output and export volume, 2008 – 2019
Figure 6: Official schedule of applying self-defense tariff, 3/2016 – 3/2019
Figure 7: World iron ore exports, 2014-2018
Figure 8: World iron ore prices, 2013 – 2019
Figure 9: Recycled steel consumption by region, 2018
Figure 10: Global steel recovery rates by sector, 2018
Figure 11: Recycled steel import – export by region, 2018
Figure 12: World recycled steel import - export, 2011-2018
Figure 13: Coke production and consumption, 2012 – 2018
Figure 14: Top coke importers, 2018
Figure 15: Top coke exporters, 2018
Figure 16: World crude steel production, 2011 - 2019
Figure 17: World steel production, 2000 - 2019
Figure 18: Steel production by production method, 2018
Figure 19: World iron and steel consumption, 2012-2018
Figure 20: Steel consumption in some regions, 2012-2018
Figure 21: Steel consumption by region 2018
Figure 22: Steel consumption per capita, 2018
Figure 23: World steel import - export, 2011-2018
Figure 24: Steel trade balance by region 2017-2018
Figure 25: Top 10 world exporters, 2018
Figure 26: Top 10 exported steel products, 2018
Figure 27: Top 10 world importers, 2018
Figure 28: China’s crude steel production and consumption, 2011 – 2019
Figure 29: China’s steel import - export, 2011 – 2019
Figure 30: Japan’s steel production – consumption 2011 – 2019
Figure 31: Steel consumption by sector, 2017e
Figure 32: Japan’s steel import – export 2011 – 2019
Figure 33: India’s finished steel production, 2012 – 2019p
Figure 34: India finished steel product import - export 2012-2019
Figure 35: Korea’s steel production - consumption, 2011 - 2019
Figure 36: Korea’s steel consumption per capita, 2011 - 2018
Figure 37: Main exported products, 2019
Figure 38: Main imported products, 2019
Figure 39: U.S crude steel production and consumption, 2011 – 2019
Figure 40: U.S steel consumption by sector, 2017
Figure 41: U.S steel trade, 2011- 2018
Figure 42: Steel imports by product, 11M/2018
Figure 43: Asia’s steel production and consumption, 2011 - 2019
Figure 44: Asia’s steel import - export, 2011-2018
Figure 45: World flat steel value chain, 2015
Figure 46: BOF vs EAF
Figure 47: Crude steel production by method in Vietnam, 2012 - 2015
Figure 48: Iron ore and refined iron ore production, 2011 - 2018
Figure 49: Iron ore import volume and value, 2013 – 2018
Figure 50: Iron and steel scrap imports, 2011 - 2019
Figure 51: Steel scrap imports by country, 2019
Figure 52: Billet production output and import volume, 2011 – 2016
Figure 53: Steel scrap and billet import price movements, 2016 – 6/2019
Figure 54: HRC import volume, 2015 - 2017
Figure 55: Estimated HRC production 2017 – 2022f
Figure 56: HRC prices by month, 7/2017-2018
Figure 57: Enterprises and Labors in the steel production industry, 2014 - 2018
Figure 58: Number of enterprises by region 2018
Figure 59: Vietnam’s crude steel production, 2013 – 2019
Figure 60: Crude steel production in regional countries, 2019
Figure 61: Steel products consumption, 2013 – 2019
Figure 62: Steel products consumption, 2019
Figure 63: Construction steel production, 2013 – 2019
Figure 64: Self-defense tariff on construction steel, 2017 - 2021
Figure 65: Construction steel consumption, 2011 – 9M/2019
Figure 66: Construction steel market share, 2019
Figure 67: Construction steel market share in South and Central Vietnam 2018, 2019
Figure 68: Rebar price movements 2019
Figure 69: Steel pipe production and consumption 2013 – 2019
Figure 70: Steel price market share 2019
Figure 71: Galvanized steel production and consumption, 2013 – 2019
Figure 72: Galvanized steel market share 2018 - 2019
Figure 73: Steel imports, 2013 – 2019
Figure 74: Steel imports by market, 2019
Figure 75: Chinese steel import volume and value,, 6/2016 – 12/2019
Figure 76: Iron and steel export volume and value, 2013 – 2019
Figure 77: Vietnam’s steel export markets, 2019
Figure 78: Forecasts of world steel demand, 2019f - 2020f
Figure 79: Forecasts of HRC and iron ore prices 2016 – 2020f
Figure 80: Forecasts of steel consumption demand in Vietnam until 2020
Figure 81: Net revenue and growth, 2017 - 2018
Figure 82: Gross profit and Gross profit rate 2017-2018
Figure 83: Selling expenses/net revenue, 2017-2018
Figure 84: Corporate management costs and/Net revenue, 2017-2018
Figure 85: Financial cost / Net Revenue, 2017 -2018
Figure 86: Asset structure, 2018
Figure 87: Debt structure, 2018
Figure 88: Inventory turnover, 2018
Figure 89: Receivables Turnover, 2017 - 2018
Figure 90: Solvency of businesses, 2018
Figure 91: Probability ratio/asset and equity, 2018
Figure 92: Profit after tax, 2017 - 2018
Figure 1: GDP growth by quarter, 2016 - 2019
Figure 2: Urbanization rate in Vietnam, 2012 - 2019
Figure 3: VND / USD exchange rate, 1/2013 - 12/2019
Figure 4: Coal price movements, 2013 – 2019
Figure 5: Coal production output and export volume, 2008 – 2019
Figure 6: Official schedule of applying self-defense tariff, 3/2016 – 3/2019
Figure 7: World iron ore exports, 2014-2018
Figure 8: World iron ore prices, 2013 – 2019
Figure 9: Recycled steel consumption by region, 2018
Figure 10: Global steel recovery rates by sector, 2018
Figure 11: Recycled steel import – export by region, 2018
Figure 12: World recycled steel import - export, 2011-2018
Figure 13: Coke production and consumption, 2012 – 2018
Figure 14: Top coke importers, 2018
Figure 15: Top coke exporters, 2018
Figure 16: World crude steel production, 2011 - 2019
Figure 17: World steel production, 2000 - 2019
Figure 18: Steel production by production method, 2018
Figure 19: World iron and steel consumption, 2012-2018
Figure 20: Steel consumption in some regions, 2012-2018
Figure 21: Steel consumption by region 2018
Figure 22: Steel consumption per capita, 2018
Figure 23: World steel import - export, 2011-2018
Figure 24: Steel trade balance by region 2017-2018
Figure 25: Top 10 world exporters, 2018
Figure 26: Top 10 exported steel products, 2018
Figure 27: Top 10 world importers, 2018
Figure 28: China’s crude steel production and consumption, 2011 – 2019
Figure 29: China’s steel import - export, 2011 – 2019
Figure 30: Japan’s steel production – consumption 2011 – 2019
Figure 31: Steel consumption by sector, 2017e
Figure 32: Japan’s steel import – export 2011 – 2019
Figure 33: India’s finished steel production, 2012 – 2019p
Figure 34: India finished steel product import - export 2012-2019
Figure 35: Korea’s steel production - consumption, 2011 - 2019
Figure 36: Korea’s steel consumption per capita, 2011 - 2018
Figure 37: Main exported products, 2019
Figure 38: Main imported products, 2019
Figure 39: U.S crude steel production and consumption, 2011 – 2019
Figure 40: U.S steel consumption by sector, 2017
Figure 41: U.S steel trade, 2011- 2018
Figure 42: Steel imports by product, 11M/2018
Figure 43: Asia’s steel production and consumption, 2011 - 2019
Figure 44: Asia’s steel import - export, 2011-2018
Figure 45: World flat steel value chain, 2015
Figure 46: BOF vs EAF
Figure 47: Crude steel production by method in Vietnam, 2012 - 2015
Figure 48: Iron ore and refined iron ore production, 2011 - 2018
Figure 49: Iron ore import volume and value, 2013 – 2018
Figure 50: Iron and steel scrap imports, 2011 - 2019
Figure 51: Steel scrap imports by country, 2019
Figure 52: Billet production output and import volume, 2011 – 2016
Figure 53: Steel scrap and billet import price movements, 2016 – 6/2019
Figure 54: HRC import volume, 2015 - 2017
Figure 55: Estimated HRC production 2017 – 2022f
Figure 56: HRC prices by month, 7/2017-2018
Figure 57: Enterprises and Labors in the steel production industry, 2014 - 2018
Figure 58: Number of enterprises by region 2018
Figure 59: Vietnam’s crude steel production, 2013 – 2019
Figure 60: Crude steel production in regional countries, 2019
Figure 61: Steel products consumption, 2013 – 2019
Figure 62: Steel products consumption, 2019
Figure 63: Construction steel production, 2013 – 2019
Figure 64: Self-defense tariff on construction steel, 2017 - 2021
Figure 65: Construction steel consumption, 2011 – 9M/2019
Figure 66: Construction steel market share, 2019
Figure 67: Construction steel market share in South and Central Vietnam 2018, 2019
Figure 68: Rebar price movements 2019
Figure 69: Steel pipe production and consumption 2013 – 2019
Figure 70: Steel price market share 2019
Figure 71: Galvanized steel production and consumption, 2013 – 2019
Figure 72: Galvanized steel market share 2018 - 2019
Figure 73: Steel imports, 2013 – 2019
Figure 74: Steel imports by market, 2019
Figure 75: Chinese steel import volume and value,, 6/2016 – 12/2019
Figure 76: Iron and steel export volume and value, 2013 – 2019
Figure 77: Vietnam’s steel export markets, 2019
Figure 78: Forecasts of world steel demand, 2019f - 2020f
Figure 79: Forecasts of HRC and iron ore prices 2016 – 2020f
Figure 80: Forecasts of steel consumption demand in Vietnam until 2020
Figure 81: Net revenue and growth, 2017 - 2018
Figure 82: Gross profit and Gross profit rate 2017-2018
Figure 83: Selling expenses/net revenue, 2017-2018
Figure 84: Corporate management costs and/Net revenue, 2017-2018
Figure 85: Financial cost / Net Revenue, 2017 -2018
Figure 86: Asset structure, 2018
Figure 87: Debt structure, 2018
Figure 88: Inventory turnover, 2018
Figure 89: Receivables Turnover, 2017 - 2018
Figure 90: Solvency of businesses, 2018
Figure 91: Probability ratio/asset and equity, 2018
Figure 92: Profit after tax, 2017 - 2018
LIST OF TABLES
Table 1: Iron ore production in some world regions, 2015 – 2019e
Table 2: Top 10 countries by steel production output, 2019
Table 3: Steel consumption growth by industry between regions 2014 - 2016 (%)
Table 4: Top 10 steel producing enterprises in the world, 2017 – 2018
Table 5: Method applied by enterprises
Table 6: Coal demand for Vnsteel’s steel production, 2017 - 2020
Table 7: Currently-invested steel projects
Table 1: Iron ore production in some world regions, 2015 – 2019e
Table 2: Top 10 countries by steel production output, 2019
Table 3: Steel consumption growth by industry between regions 2014 - 2016 (%)
Table 4: Top 10 steel producing enterprises in the world, 2017 – 2018
Table 5: Method applied by enterprises
Table 6: Coal demand for Vnsteel’s steel production, 2017 - 2020
Table 7: Currently-invested steel projects
