Vietnam Steel
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 TABLES
Table 1: Steel production in some areas from 2012-2017
Table 2: Growth rate of steel consumption by sector between regions 2014 - 2016 (%)
Table 3: List of 10 largest steel companies in the world, 2016 – 2017
Table 4: Technology application by enterprises
Table 5: Coke demand for Vnsteel steel production, 2017-2020
Table 6: Currently-invested projects
Table 7: Construction steel market share 6T/2018
Table 1: Steel production in some areas from 2012-2017
Table 2: Growth rate of steel consumption by sector between regions 2014 - 2016 (%)
Table 3: List of 10 largest steel companies in the world, 2016 – 2017
Table 4: Technology application by enterprises
Table 5: Coke demand for Vnsteel steel production, 2017-2020
Table 6: Currently-invested projects
Table 7: Construction steel market share 6T/2018
LIST OF FIGURES
Figure 1: GDP growth by quarter, 2016 - 2019
Figure 2: Vietnam’s urbanization rate, 2012 - 2018
Figure 3: VND / USD exchange rate, 1/2013 - 3/2019
Figure 4: Average interest rate, 2012 - 3T/2019
Figure 5: Average elaectricity price, 7/2007-3/2019
Figure 6: Coal price fluctuations, 2013 - 3T/2019
Figure 7: Coal production and export output, 2008 - 3T/2019
Figure 8: Global iron ore output 2012-2017
Figure 9: Global iron ore Price 2007 – Q1/2019
Figure 10: Global iron ore export, 2014-2018
Figure 11: Recycled steel consumption 2016-2017
Figure 12: Recycled steel consumption, 2018
Figure 13: Global recycled steel export, 2011-2017
Figure 14: Recycled steel import and export by region 2017
Figure 15: Top largest coke importers 2018
Figure 16: Coke production and consumption, 2012-2016e
Figure 17: Top largest coke exporters 2018
Figure 18: Global steel production, 2011-Q1/2019
Figure 19: Global steel production structure, 2000 – 2018
Figure 20: 10 largest nations’ steel production output 2017-2018
Figure 21: Steel production according to use cases, 2017
Figure 22: Steel production structure by different methods, 2017
Figure 23: World steel consumption, 2011-2017
Figure 24: Steel consumption volume of certain areas, 2011-2017
Figure 25: Regional steel consumption, 2017
Figure 26: Per capita steel consumption, 2017
Figure 27: Steel trade balance by region 2016-2017
Figure 28: Global steel export, 2011 – 2017
Figure 29: Top 10 most-exported steel products, 2017
Figure 30: Top 10 largest steel exporters, 2017
Figure 31: Top 10 largest steel importers, 2017
Figure 32: Production – China's crude steel consumption, 2011- 2T/2019
Figure 33: China's steel export, 2001-2017
Figure 34: Production- Japan steel consumption 2011- 2T/2019
Figure 35: Steel consumption by sector 2017e
Figure 36: Japan steel im-export, 2011- Q1/2019
Figure 37: India finished steel products, 2012-T5/2017
Figure 38: India finished steel product import - export 2012-5/2017
Figure 39: Korean steel production and consumption, 2011-2017
Figure 40: Steel consumption per capita of Korea, 2010 - 2017
Figure 41: Major exported product structure 2017
Figure 42: Major imported product structure 2017
Figure 43: US crude steel production and consumption, 2011 – 2/2019
Figure 44: US steel consumption by sector, 2016
Figure 45: Steel import structure by finished products, 11T/2018
Figure 46: US steel trade 2011-2017
Figure 47: Asian steel consumption and production, 2011-2017
Figure 48: Asian steel consumption and production, 2011- 2017
Figure 49: World’s flat steel value chain, 2015
Figure 50: Compare BOF and EAF
Figure 51: Vietnam crude steel production structure
Figure 52: Iron ore output, 2010-2018
Figure 53: Iron ore import output and turnover, 2013-2017
Figure 54: Iron ore price fluctuation, 2014-Q1/2019
Figure 55: Iron scrap steel imports by volume, 2011-2018
Figure 56: Iron scrap steel imports by value, 3M/2019
Figure 57: Steel billet production and import 2011-2016
Figure 58: Scrap steel and billet import price, 2016 – 3/2019
Figure 59: HRC import output, 2015-2017
Figure 60: Estimated HRC production output, 2017 – 2022f
Figure 61: Hot-rolled coil price by month, 7/2017-2018
Figure 62: Enterprise and worker quantity in the steel industry, 2010 - 2017
Figure 63: Number of businesses by region 2017
Figure 64: Vietnam crude steel output, 2007 – Q1/2019
Figure 65: Crude steel output in the region, 2018
Figure 66: Steel consumption volume, 2009-3M/2019
Figure 67: Steel product consumption structure, 3M/2019
Figure 68: Defense constructing steel tax, 2017 - 2021
Figure 69: Constructing steel output, 2017 – 3T/2019
Figure 70: Constructing steel consumption volume, 2011 – 3T/2019
Figure 71: Market share of construction steel in Vietnam 2010 - 2017
Figure 72: Rebar price movement 2018
Figure 73: Steel pipe production and consumption, 2012 – 3T/2019
Figure 74: Market share of steel pipe production, 11M/2018
Figure 75: Galvanized steel market share, 2018
Figure 76: Galvanized steel production and consumption, 2012- 3T/2019
Figure 77: Imported steel in the period of 2011-Q1/2019
Figure 78: Steel import structure by market Q1/2019
Figure 79: Iron and steel import revenue from China, 2016 – 3T/2019
Figure 80: Iron and steel production and export, 2009 – Q1/2019
Figure 81: Iron and steel export market structure, Q1/2019
Figure 82: Vietnam steel exports to the US, 2011 – Q1/2019
Figure 83: Structure of Vietnamese steel products exported to the US, 3T/2019
Figure 84: Forecast of world steel demand, 2018f
Figure 85: Forecast of hot rolled steel and iron ore prices 2016 - 2020f
Figure 86: Forecast of steel consumption demand in Vietnam by 2020
Figure 87: Net revenue and growth, 2017 - 2018
Figure 88: Gross profit and Gross profit rate 2017-2018
Figure 89: Selling expenses/net revenue, 2017-2018
Figure 90: Corporate management costs and/Net revenue, 2017-2018
Figure 91: Financial cost / Net Revenue, 2017 -2018
Figure 92: Asset structure, 2018
Figure 93: Debt structure, 2018
Figure 94: Inventory turnover, 2018
Figure 95: Receivables Turnover, 2017 - 2018
Figure 96: Solvency of businesses, 2018
Figure 97: Probability ratio/asset and equity, 2018
Figure 98: Profit after tax, 2017 - 2018
Figure 1: GDP growth by quarter, 2016 - 2019
Figure 2: Vietnam’s urbanization rate, 2012 - 2018
Figure 3: VND / USD exchange rate, 1/2013 - 3/2019
Figure 4: Average interest rate, 2012 - 3T/2019
Figure 5: Average elaectricity price, 7/2007-3/2019
Figure 6: Coal price fluctuations, 2013 - 3T/2019
Figure 7: Coal production and export output, 2008 - 3T/2019
Figure 8: Global iron ore output 2012-2017
Figure 9: Global iron ore Price 2007 – Q1/2019
Figure 10: Global iron ore export, 2014-2018
Figure 11: Recycled steel consumption 2016-2017
Figure 12: Recycled steel consumption, 2018
Figure 13: Global recycled steel export, 2011-2017
Figure 14: Recycled steel import and export by region 2017
Figure 15: Top largest coke importers 2018
Figure 16: Coke production and consumption, 2012-2016e
Figure 17: Top largest coke exporters 2018
Figure 18: Global steel production, 2011-Q1/2019
Figure 19: Global steel production structure, 2000 – 2018
Figure 20: 10 largest nations’ steel production output 2017-2018
Figure 21: Steel production according to use cases, 2017
Figure 22: Steel production structure by different methods, 2017
Figure 23: World steel consumption, 2011-2017
Figure 24: Steel consumption volume of certain areas, 2011-2017
Figure 25: Regional steel consumption, 2017
Figure 26: Per capita steel consumption, 2017
Figure 27: Steel trade balance by region 2016-2017
Figure 28: Global steel export, 2011 – 2017
Figure 29: Top 10 most-exported steel products, 2017
Figure 30: Top 10 largest steel exporters, 2017
Figure 31: Top 10 largest steel importers, 2017
Figure 32: Production – China's crude steel consumption, 2011- 2T/2019
Figure 33: China's steel export, 2001-2017
Figure 34: Production- Japan steel consumption 2011- 2T/2019
Figure 35: Steel consumption by sector 2017e
Figure 36: Japan steel im-export, 2011- Q1/2019
Figure 37: India finished steel products, 2012-T5/2017
Figure 38: India finished steel product import - export 2012-5/2017
Figure 39: Korean steel production and consumption, 2011-2017
Figure 40: Steel consumption per capita of Korea, 2010 - 2017
Figure 41: Major exported product structure 2017
Figure 42: Major imported product structure 2017
Figure 43: US crude steel production and consumption, 2011 – 2/2019
Figure 44: US steel consumption by sector, 2016
Figure 45: Steel import structure by finished products, 11T/2018
Figure 46: US steel trade 2011-2017
Figure 47: Asian steel consumption and production, 2011-2017
Figure 48: Asian steel consumption and production, 2011- 2017
Figure 49: World’s flat steel value chain, 2015
Figure 50: Compare BOF and EAF
Figure 51: Vietnam crude steel production structure
Figure 52: Iron ore output, 2010-2018
Figure 53: Iron ore import output and turnover, 2013-2017
Figure 54: Iron ore price fluctuation, 2014-Q1/2019
Figure 55: Iron scrap steel imports by volume, 2011-2018
Figure 56: Iron scrap steel imports by value, 3M/2019
Figure 57: Steel billet production and import 2011-2016
Figure 58: Scrap steel and billet import price, 2016 – 3/2019
Figure 59: HRC import output, 2015-2017
Figure 60: Estimated HRC production output, 2017 – 2022f
Figure 61: Hot-rolled coil price by month, 7/2017-2018
Figure 62: Enterprise and worker quantity in the steel industry, 2010 - 2017
Figure 63: Number of businesses by region 2017
Figure 64: Vietnam crude steel output, 2007 – Q1/2019
Figure 65: Crude steel output in the region, 2018
Figure 66: Steel consumption volume, 2009-3M/2019
Figure 67: Steel product consumption structure, 3M/2019
Figure 68: Defense constructing steel tax, 2017 - 2021
Figure 69: Constructing steel output, 2017 – 3T/2019
Figure 70: Constructing steel consumption volume, 2011 – 3T/2019
Figure 71: Market share of construction steel in Vietnam 2010 - 2017
Figure 72: Rebar price movement 2018
Figure 73: Steel pipe production and consumption, 2012 – 3T/2019
Figure 74: Market share of steel pipe production, 11M/2018
Figure 75: Galvanized steel market share, 2018
Figure 76: Galvanized steel production and consumption, 2012- 3T/2019
Figure 77: Imported steel in the period of 2011-Q1/2019
Figure 78: Steel import structure by market Q1/2019
Figure 79: Iron and steel import revenue from China, 2016 – 3T/2019
Figure 80: Iron and steel production and export, 2009 – Q1/2019
Figure 81: Iron and steel export market structure, Q1/2019
Figure 82: Vietnam steel exports to the US, 2011 – Q1/2019
Figure 83: Structure of Vietnamese steel products exported to the US, 3T/2019
Figure 84: Forecast of world steel demand, 2018f
Figure 85: Forecast of hot rolled steel and iron ore prices 2016 - 2020f
Figure 86: Forecast of steel consumption demand in Vietnam by 2020
Figure 87: Net revenue and growth, 2017 - 2018
Figure 88: Gross profit and Gross profit rate 2017-2018
Figure 89: Selling expenses/net revenue, 2017-2018
Figure 90: Corporate management costs and/Net revenue, 2017-2018
Figure 91: Financial cost / Net Revenue, 2017 -2018
Figure 92: Asset structure, 2018
Figure 93: Debt structure, 2018
Figure 94: Inventory turnover, 2018
Figure 95: Receivables Turnover, 2017 - 2018
Figure 96: Solvency of businesses, 2018
Figure 97: Probability ratio/asset and equity, 2018
Figure 98: Profit after tax, 2017 - 2018
