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VIETNAM STEEL INDUSTRY

Steel industry is the important heavy in the industrialized world; therefore, the fluctuations in the industry will directly affect the field of industrial production and impact on the economic growth. Steel industry in 2017 recovered strongly after 2 years of continuous decline. Global steel production is estimated at 1,674 million tons, up 5.5% from 2016. Asia is currently the world’s main steelmaker, accounting for 69% of total steel output in 2017. China has grown steadily, surpassing India as the third largest steel producer in the world. 

It is forecast that demand for steel in 2018 will grow 1.6% to reach 1,648.1 million tons. The strongest growth comes from developing regions, especially Asia. In the first 9 months of 2018, Vietnam steel market still had positive growth compared to the same period last year. Production and consumption of all products have positive growth. Generally for the first 9 months of 2018, total production of steel production reached 17.84 million tons, an increase of 15.65% compared to the same period last year. In the first 9 months of 2018, total steel consumption reached 16.15 million tons, an increase of nearly 25% compared to the first 9 months of 2017. Of which, construction steel consumption reached 7.39 million tons (up 9.99%), steel pipes reached 1,776 million tons (up 10.32%), galvanized steel reached 2.849 million tons (up 10.44%).

Vietnam steel industry is always in a state of imbalance, excess of crude steel but lack of other steel products due to many product lines in the country are not able to produce, such as steel billets, hot rolled coil sheets, shape steel, steel plate, etc. The domestic machinery and technology are only medium compared to the world, mostly using machinery and technology discharged from China, leading to large energy consumption, low technology and high production cost, resulting to hardly compete with cheap imported steel from China. In 2018, iron and steel prices are forecast not to increase as demand in some regional markets such as China is likely to decline, while domestic demand will not increase.

It is forecast that steel consumption growth in 2018 is about 22% to 23.1 million tons. In which, construction steel will increase by 10%, hot rolled coil 154%, cold rolled coil steel sheet 5%, steel pipe 15%, gold plating and color coating 12%. Accordingly, the output of construction steel reached about 10.04 million tons, steel pipes reached 2.53 million tons and galvanized steel reached about 3.92 million tons. 

I. Business environment
1. Macroeconomic context
2. Legal framework
II. Global market
1. Production
2. Consumption
III. Local market
1. History of development
2. Industry value chain
3. Scale
4. Construction steel
5. Steel pipe
6. Galvanised
7. Import – export
8. Sheet plate
9. Import – export
IV. Plan of industry development
V. Enterprise analysis
1. Enterprise introduction
2. Financial analysis
Hoa Phat Joint Stock Company
 Hoa Sen Group
 Nam Kim Steel Joint Stock Company
 Pomina Joint Stock Company
 DANA Iron and Steel Joint Stock Company
 Thai Nguyen Iron and Steel Company
 Vietnam Steel Corporation
 Viet – German Steel Joint Stock Company
 VISCO Steel company

Figure 1: Growth rate of GDP by quater, 2015 – Q3/2018
Figure 2: Rate of urbanization in Vietnam, 2012 – 2017
Figure 3: Top import goods from China  9T/2018
Figure 4: CNY/VND exchange rate, 2016-9T/2018
Figure 5: VND/USD exchange rate, 2013-9T/2018
Figure 6: Average interest rate, 2012- 9T/2018
Figure 7: Coal price fluctuation, 2013 – 9T/2018
Figure 8: Average electricity price, 7/2007 – 6/2018
Figure 9: Coal output of producing and exporting, 2008 –9T/2017
Figure 10: Roadmap for the application of the official safeguard tax, 3/2016 – 3/2019
Figure 11: Global steel production, 2011-6T/2018
Figure 12: Structure of global steel production, 2006 – 2017
Figure 13: Steel production by usage, 2015
Figure 14: Structure of steel production by methods 2017
Figure 15: Consumption output of steel in some areas 2011-2017
Figure 16: Consumption of steel in area in  2017
Figure 17: Average consumption per capita 2017
Figure 18: Added value of global flat steel industry, 2015
Figure 19: Number of enterprices and worker in steel industry , 2010 – 2016
Figure 20: Number of enterprice by  region, 2015
Figure 21: Vietnam raw steel output, 2007 – 9T/2018
Figure 22: Raw steel output by region 9T/2018
Figure 23: Consumption of steel product , 2009-9T/2018
Figure 24: Structure of consumption of steel product, 9T/2018
Figure 25: Construction steel output 2017 – 9T/2018
Figure 26: Consumption output of construction steel , 2011 – 9T/2018
Figure 27: Safeguard tax of construction steel , 2017 – 2021
Figure 28: Steel price fluctuation , 2016-6T/2018
Figure 29: Production and consumption output of steel tube 2012 – 9T/2018
Figure 30: Imported steel output  2011-9T/2018
Figure 31: Structure of Imported steel by market 9T/2018
Figure 32: Turnover and import chinese steel 2016 – 9T/2018
Figure 33: Output and export turnover of iron and steel  2009 – 9T/2018
Figure 34: Structure of Vietnam’s steel export market in the first 9 months of 2018
Figure 35: Steel export from Vietnam to USA 2011 – 9T/2018
Figure 36: Structure of steel export from Vietnam to USA, 6T/2018
Figure 37: Net revenue and growth 2016 – 2017
Figure 38: Gross profit and gross profit margin 2017
Figure 39: Cost of sale/net revenue  2016 -2017
Figure 40: Enterprise Cost Management /net revenue 2016 -2017
Figure 41: Fiancial cost/net revenue  2016 -2017
Figure 42: Structure of asset 2017
Figure 43: Structure of debt, 2017
Figure 44: Inventory turnerover , 2017
Figure 45: Day of Receivable turnover 2016 – 2017
Figure 46: Enterprice solvency capacity 2017
Figure 47: Profit after tax 2016 – 2017
Figure 48: Profitability on assets and equity , 2017

Table 1: Old anti-dumping tax and new anti-dumping tax
Table 2: Safeguard tax of some product
Table 3: Current anti-dumping tax

Table 4: Steel consumption growth rate by industry between regions 2014 – 2016 (%)
Table 5: Investment plan of steel industry
Table 6: Enterprices introduction
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