In the first four months, Vietnam's steel exports totaled around 3.26 million tons, a year-on-year increase of 0.6%.
In specific, Vietnam's steel exports to Italy amounted to 483,000 tons, increasing by 70.3% from the same period a year ago. The exports to Cambodia and Malaysia were 389,000 tons and 315,000 tons, decreasing by 17.5% but increasing by 30.1% year on year, respectively.
Vietnam's Hoa Phat crude steel output rises in Apr m-o-m
According to the data released by Hoa Phat Steel, 525,000 tons of crude steel were produced in April 2023, increasing by 19% month on month and a year-on-year decrease of 29%. Among them, the production of hot-rolled coils was 239,000 tons, which hit a record high in a single month this year.
In terms of sales, it sold a total of 457,000 tons of steel in April, falling by 23% year on year and keeping almost flat month on month with a slight decline.
From January to April, Hoa Phat produced a total of 1.8 million tons of crude steel, a drop of 39% from the same period last year. The sales were about 1.8 million tons, declining by 34% year on year.
Vietnam’s scrap imports hit 10-year high in Mar
According to statistics, Vietnam’s scrap imports amounted to around 490,000 tons in March, falling by 19% compared to the preceding month but soaring by 67% from the year-ago level. This figure hit a ten-year high.Among them, the imports were mainly from Japan, totaling roughly 145,000 tons, followed by Hong Kong’s 40,700 tons and Colombia’s 19,000 tons.
Vietnam's VAS Group first delivers commercial steel to US
On April 17, at Nghi Son International Port (Thanh Hoa province), VAS Group witness its first commercial steel batch to the Houston Port (US). This is the brand new milestone of VAS breaking into the US market. According to a VAS official, the second commercial steel shipment to Los Angeles will be in near future.
In an effort to produce clean and green steel quality, VAS keeps its induction furnace system up to date and maintains cutting-edge waste treatment, becoming one of the first enterprises to deploy the "green steel" scale in Vietnam.
Top 3 largest steel manufacturers in Vietnam in 2023
1.Vietnam Steel Corporation ( 1st Vietnam steel manufacturer)
Vietnam Steel Corporation (VNSTEEL), established in 1995, is the first Vietnam steel manufacturer. "I have the will to practice successfully" has always been the criterion by which VNSTEEL has been operating over the past three decades. VNSTEEL has produced and supplied nearly 90 million tons of steel to the market for life and production. Currently, VNSTEEL works with more than 50 affiliated units. The birth of VNSTEEL made an outstanding contribution to promoting the development of Vietnam's steel industry.
2. Hoa Phat Group (top 1 market share of Vietnam steel manufacturers)
Hoa Phat Group started as a company specializing in selling construction machinery, then expanded to other business areas such as furniture, steel pipes, construction steel, etc. Currently, with the world With a strong focus on steel production and trading, the Hoa Phat steel brand accounts for 80% of the group's revenue. For many years in a row, Hoa Phat has always been at the top of the list of the largest and most effective enterprises in Vietnam. Hoa Phat is also among the world's top 100 largest steel enterprises. Hoa Phat Group is the largest steel producer in Southeast Asia, producing about 8 million tons of crude steel each year. This is also one of the three largest construction Vietnam steel manufacturers, with a 22% market share.
3. Pomina Steel Corporation
Pomina Steel Company was established in 1999, and with a capacity of 1.5 million tons per year, Pomina is one of the largest Vietnam steel manufacturers today. With the business goal of "Pomina Steel—The Core of Life,", Pomina pioneered investing in modern technology and machinery of famous brands such as Tenova, Techint, SMS Concast, and Siemens VAI. With the investment in technology, Pomina resources always bring customers quality products. Pomina Steel Company constantly strives to become the pride of the industry in the Vietnamese economy.
T.Huong
Source: Vitic/Reuters