Vietnam Steel Standard 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
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTION PROCESS
3. PRODUCTION
4. CONSUMPTION
III. Vietnam market
1. HISTORY OF DEVELOPMENT
2. INDUSTRY VALUE CHAIN
3. SCALE
4. CONSTRUCTION STEEL
5. STEEL PIPE
6. GALVANIZED STEEL
7. IMPORT – EXPORT
IV. Planning and forecasts
1. PLANNING
V. Enterprise analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
Executive summary
I. Business environment
1. MACROECONOMIC CONTEXT
2. LEGAL FRAMEWORK
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTION PROCESS
3. PRODUCTION
4. CONSUMPTION
III. Vietnam market
1. HISTORY OF DEVELOPMENT
2. INDUSTRY VALUE CHAIN
3. SCALE
4. CONSTRUCTION STEEL
5. STEEL PIPE
6. GALVANIZED STEEL
7. IMPORT – EXPORT
IV. Planning and forecasts
1. PLANNING
V. Enterprise analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
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 crude steel production, 2011 - 2019
Figure 8: World steel production, 2000 - 2019
Figure 9: Steel production by production method, 2018
Figure 10: World iron and steel consumption, 2012-2018
Figure 11: Steel consumption in some regions, 2012-2018
Figure 12: Steel consumption by region 2018
Figure 13: Steel consumption per capita, 2018
Figure 14: World flat steel value chain, 2015
Figure 15: Enterprises and Labors in the steel production industry, 2014 - 2018
Figure 16: Number of enterprises by region 2018
Figure 17: Vietnam’s crude steel production, 2013 – 2019
Figure 18: Crude steel production in regional countries, 2019
Figure 19: Steel products consumption, 2013 – 2019
Figure 20: Steel products consumption, 2019
Figure 21: Construction steel production, 2013 – 2019
Figure 22: Self-defense tariff on construction steel, 2017 - 2021
Figure 23: Construction steel consumption, 2011 – 9M/2019
Figure 24: Construction steel market share, 2019
Figure 25: Construction steel market share in South and Central Vietnam 2018, 2019
Figure 26: Rebar price movements 2019
Figure 27: Steel pipe production and consumption 2013 – 2019
Figure 28: Steel price market share 2019
Figure 29: Galvanized steel production and consumption, 2013 – 2019
Figure 30: Galvanized steel market share 2018 - 2019
Figure 31: Steel imports, 2013 – 2019
Figure 32: Steel imports by market, 2019
Figure 33: Chinese steel import volume and value,, 6/2016 – 12/2019
Figure 34: Iron and steel export volume and value, 2013 – 2019
Figure 35: Vietnam’s steel export markets, 2019
Figure 36: Net revenue and growth, 2017 - 2018
Figure 37: Gross profit and Gross profit rate 2017-2018
Figure 38: Selling expenses/net revenue, 2017-2018
Figure 39: Corporate management costs and/Net revenue, 2017-2018
Figure 40: Financial cost / Net Revenue, 2017 -2018
Figure 41: Asset structure, 2018
Figure 42: Debt structure, 2018
Figure 43: Inventory turnover, 2018
Figure 44: Receivables Turnover, 2017 - 2018
Figure 45: Solvency of businesses, 2018
Figure 46: Probability ratio/asset and equity, 2018
Figure 47: 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 crude steel production, 2011 - 2019
Figure 8: World steel production, 2000 - 2019
Figure 9: Steel production by production method, 2018
Figure 10: World iron and steel consumption, 2012-2018
Figure 11: Steel consumption in some regions, 2012-2018
Figure 12: Steel consumption by region 2018
Figure 13: Steel consumption per capita, 2018
Figure 14: World flat steel value chain, 2015
Figure 15: Enterprises and Labors in the steel production industry, 2014 - 2018
Figure 16: Number of enterprises by region 2018
Figure 17: Vietnam’s crude steel production, 2013 – 2019
Figure 18: Crude steel production in regional countries, 2019
Figure 19: Steel products consumption, 2013 – 2019
Figure 20: Steel products consumption, 2019
Figure 21: Construction steel production, 2013 – 2019
Figure 22: Self-defense tariff on construction steel, 2017 - 2021
Figure 23: Construction steel consumption, 2011 – 9M/2019
Figure 24: Construction steel market share, 2019
Figure 25: Construction steel market share in South and Central Vietnam 2018, 2019
Figure 26: Rebar price movements 2019
Figure 27: Steel pipe production and consumption 2013 – 2019
Figure 28: Steel price market share 2019
Figure 29: Galvanized steel production and consumption, 2013 – 2019
Figure 30: Galvanized steel market share 2018 - 2019
Figure 31: Steel imports, 2013 – 2019
Figure 32: Steel imports by market, 2019
Figure 33: Chinese steel import volume and value,, 6/2016 – 12/2019
Figure 34: Iron and steel export volume and value, 2013 – 2019
Figure 35: Vietnam’s steel export markets, 2019
Figure 36: Net revenue and growth, 2017 - 2018
Figure 37: Gross profit and Gross profit rate 2017-2018
Figure 38: Selling expenses/net revenue, 2017-2018
Figure 39: Corporate management costs and/Net revenue, 2017-2018
Figure 40: Financial cost / Net Revenue, 2017 -2018
Figure 41: Asset structure, 2018
Figure 42: Debt structure, 2018
Figure 43: Inventory turnover, 2018
Figure 44: Receivables Turnover, 2017 - 2018
Figure 45: Solvency of businesses, 2018
Figure 46: Probability ratio/asset and equity, 2018
Figure 47: 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
