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The purpose of the steel mills assessment is to select the right supplier for the enterprise's requirements. That's important, but many businesses are still wondering what the objective and accurate evaluation criteria are. The following article summarizes the criteria for evaluating steel mills so that you can choose reliable partners.Reputation of steel millsWhen evaluating a steel mills, the reputation of the factory is the first factor and also a decisive factor in deciding whether to cooperate or not. To consider whether the factory is reputable enough, we need to note a few aspects:Clear information: Does the factory really exist? Address, contact method, business license or not?Transparency in cooperation: Does the factory ensure the supply of raw materials and maintain long-term cooperative relationships with partners?Review of legal issues: View legal procedures related to past and current factory contracts; Is the factory's legal compliance guaranteed?Product qualityThis is the most important criterion when any business wants to make a decision about choosing a steel mills. When sourcing products, businesses will proceed to provide criteria for quotes, product quality, materials, durability, aesthetics,... From there, make a detailed assessment and draw the conclusion that the product of this factory is suitable for the needs of the business you are looking for. You should build a form, a tracking sheet in the form of a scale, to comment on all aspects of the quality of goods supplied by the factory.In addition, it is also necessary to consider the damage rate of the goods. Specifying a specific risk level or criterion after the time of importing goods and conducting inventory, based on that ratio to track the quantity, find out if the cause of damaged goods is due to the transportation process or supplier error.Production capacity of steel millsProduction capacity is one of the important criteria for evaluating steel mills. The assessment of the production capacity of the factory will clarify the efficiency of the factory's production activities and its ability to meet the needs of the market. A factory with a large production capacity is equivalent to an abundant labor force and modern machinery and equipment. Besides, production capacity also helps to assess the potential of the mill development. The larger the steel mills production capacity, the larger the mill.Product delivery performanceIn the criteria for evaluating steel mills, it is indispensable to evaluate the factory's product performance. Ensuring the performance of the factory's product supply determines the business plan of the enterprise. Therefore, suppliers need to ensure credibility in the time and quantity of products provided. Below are the factors used to evaluate the product supply performance of steel mills:Order fulfillment time: The time from the beginning of order fulfillment to when the supplier delivers the goods to your business.Reliability of delivery: Ensure the agreed delivery time, sure delivery, the right type of goods, the right quality, and the quantity of goods according to the contract.Information: Information is exchanged throughout the steel mills and your business.Flexibility: The steel mill's ability to adapt its product supply to changing conditions.Production technology of steel millsCurrently, steel mills around the world use three main production technologies, including the basic oxygen furnace (BOF), the electric arc furnace (EAF), and the induction furnace (IF). In which BOF technology accounts for the majority, EAF and IF technologies account for a little and very little. This is also an important criterion that businesses need to pay attention to make objective and accurate assessments of steel mills.The fact that factories use modern production technologies not only brings high-quality products but also contributes to saving energy. Technological improvements and upgrades promise to be outstanding advances in product quality and output.Product price and payment methodProduct prices and payment methods are indispensable criteria in the steel mills evaluation criteria table. This criterion affects the buyer's ability to buy and profit. If there are two suppliers with the same quality and performance of products and services, the one with the cheaper price will bring more profits to the business. Evaluation factors may include:Competition: The price paid should be comparable to that of other competitors. Enterprises should have quotes from many steel mills for comparison and better evaluation.Accuracy and stability: The price on the order and on the invoice should only have a small difference. If there is a change in the price, the supplier should notify customers in advance. Prices also need to be stable over time.Payment transparency: The average time it takes to receive a credit note should be reasonable. The estimated cost should not change significantly from the final invoice. Supplier invoices should be timely and easy to read and understand.Customer serviceCustomer services help businesses in cases of problems such as product errors, missing orders, low-quality products,... Therefore, this is a criterion that cannot be ignored when proceeding with the steel mills assessment.When conducting supplier evaluation, it is necessary to collect opinions on the quality of support, the attitude of the supplier and response time to support requests, the qualifications of the support staff,... Customer service will be evaluated through three timelines: before the transaction, during the transaction, and after the transaction.Thus, the above article has summarized seven criteria for evaluating steel mills. However, to conduct the assessment according to the above seven criteria, enterprises need to have accurate, transparent, and complete information about the factory. I hope this information is useful for you in choosing a reputable and quality steel mills.

In 2023, Italy's steel production output recorded 21.06 million tons of steel, down 2.5% compared to 2022. The predicted cause is the fluctuating situation in the European steel industry such as high energy costs, low steel export demand and the intense conflict between Russia and Ukraine.1. Situation of Italian steel production in 2023In 2023, domestic steel production output decreased by 2.5% to 21.06 million tons. This decline occurred in the context of falling global steel demand and unpredictable increases in fuel and raw material costs.According to SteelOrbis data, long steel output reached 11.68 million tons, down 2.9% compared to 2022 and flat steel reached 9.54 million tons, down 0.1% y/y. In December 2023, domestic mills produced 1.33 million tons, increasing output by 6.5% y/y but decreasing by 29.5% compared to November 2023. Long steel production output reached 694 thousand tons, up 5% over the same period but down 36.9% over November. For flat steel, domestic producers reached 615 thousand tons, down 3.9% over the same period and 27.5% compared to the previous month.Returning to 2022, Italy's total steel production reached 21.06 million tons, down 11.5% over the same period in 2021. Regarding long steel, in 2022, Italy reached 12.03 million tons, down 12% y/y. Meanwhile, flat steel products also decreased by 13.8% over the same period, reaching 9.55 million tons.In 2022, not only Italy's steel output decreased, but the steel industry of EU countries also experienced a significant 10.5% decline over the same period, reaching 136.7 million tons. That was the result of rising energy prices, reduced export demand and the fluctuations of the Russia-Ukraine military conflict.2. Italy increases steel imports from Vietnam to solve domestic supply shortagesAccording to data from the Vietnam Steel Association (VSA), Italy ranked 1st among the countries that imported the largest Vietnamese steel in the first 10 months of 2023. Steel exports to the EU market accounted for 24.1% of the turnover proportion, reaching 2.2 million tons, a sharp increase of 86.2% over the same period in 2022. Of which, exports to the Italian market reached 1,355 million tons, an increase of 127.7%.Importing Vietnamese steel at good prices and high quality has helped Italy partly solve the difficulty of supply shortage due to a sharp decrease in domestic steel output. In the context of an unstable war situation and rising raw material prices, predicting Italy's steel demand is still a challenging question. Importers continue to seek supplies from major steel exporting countries such as China, India and Vietnam. However, they are still subject to many constraints on the government's trade defense measures to prevent dumping, which negatively affects domestic manufacturers.3. MRS Steel - reputable and quality Vietnamese steel import support unitMRS Steel is a leading unit in the field of providing Vietnamese steel import solutions, cooperating with many large and small businesses in more than 30 countries worldwide. With more than 10 years of experience as a bridge between importers and the largest steel brands in Vietnam such as Hoa Phat, Hoa Sen, Nam Kim, Tay Nam,... MRS Steel can meet all customer requirements in terms of product specifications, reasonable costs. In addition, MRS Steel's team of experts is always ready to advise customers about the market and Vietnamese steel products thoughtfully, in detail and 24/7 via Hotline: +84 28 36 22 33 58 or Email: vanloc@mrssteel.com.vn

According to data from the General Department of Customs, iron and steel exports of all kinds in December 2023 increased sharply, reaching more than 1.08 million tons with a value of 707 million USD, an increase of 18.12% in volume and 13.81% in value compared to November 2023; increase 34.4% in volume and 27.7% in value compared to the same period in 2022.According to the Vietnam Steel Association (VSA), in December, construction steel and high-quality steel of all types recorded the highest consumption in the past 20 months. Exports of iron and steel of all kinds in December 2023 also increased sharply, reaching more than 1.08 million tons with a value of 707 million USD. For the whole year 2023, iron and steel exports of all kinds reached nearly 11.13 million tons with a value of 8.35 billion USD, +32.6% in volume and +4.5% in value compared to 2022.In December 2023, the top 10 largest import markets for Vietnamese flat steel were the United States accounting for 14.95%, Italy at 12.4%, Cambodia at 8.7%, Mexico at 7.8%, Malaysia at 6.3%, Indonesia at 5.2%, Colakoglu at 5%, Belgium at 4.9%, India at 4.9% and Spain at 4.1%.Conversely, Vietnam's imports of iron and steel in December 2023 reached 1.17 million tons with a value of 741 million USD, -22.1% in volume and -18.3% in value compared to the previous month; +22.7% in volume and +6.7% in value over the same period in 2022. For the whole year 2023, imports of iron and steel of all kinds will reach 13.3 million tons with a value of 10.43 billion USD, +14.1% in volume but -12.6% in value compared to 2022. One of the businesses with the most positive business results in December 2023 was Hoa Phat Group. HPG produced 648,000 tons of crude steel, an increase of 4% compared to November 2023. The consumption of hot rolled steel coils, construction steel and steel billets reached 760,000 tons, an increase of 7% compared to November and the highest in 2023. For export markets, Hoa Phat exported 113,000 tons of construction steel and high-quality steel to make wire rods and welding rod cores. Main export markets were Canada, Korea, Japan, Singapore, Australia, Sri Lanka,...In addition to high-quality steel, Hoa Phat also exported 103,000 tons of HRC in December 2023. HPG is the group with the largest crude steel capacity in Vietnam and Southeast Asia with 8.5 million tons/year, leading in construction steel market share and among the top 5 largest Vietnamese galvanized steel manufacturers.Entering 2024, Vietnam's steel industry is also recording many positive signs of recovery as both production and consumption show signs of strong growth. For the export market, recovering demand in the EU and US has a positive impact on export output and price of galvanized steel. Export steel prices are expected to increase by 9% in 2024.MRS Steel is a provider of quality, convenient and time-saving Vietnamese steel import solutions. Our team of market analysis, marketing and supply experts provide the latest market and price reports to help importers clearly understand Vietnamese steel industry. If you have any questions or need to import Vietnamese steel, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Hotline: +842836223358 for the most thoughtful support!

Today, when the demand for use is increasing, many people have chosen PPGI/PPGL for their projects. So what should importers pay attention to before importing PPGI/PPGL? Consult with MRS Steel!Choose the right PPGI/PPGL for the projectCurrently, PPGI/PPGL are commonly used in civil works, with diverse designs, colors and materials. Depending on each project, the appropriate PPGI/PPGL is selected to maximize its functions when put into use. For each building architecture, it will be suitable for a different PPGI/PPGL, so it is necessary to clearly define the purpose of the project to choose the right PPGI/PPGI for your project.Learn the utilities and special features of PPGI/PPGLIn addition to choosing PPGI/PPGL to suit each type of building, you also need to pay attention to some other important features of PPGI/PPGL such as: light weight; aesthetic value; sound insulation, heat insulation;...Light weight: Lightweight PPGI/PPGL panels will make the construction and installation, as well as the repair and maintenance, easier, saving a lot of time and effort.Aesthetics: Usually, PPGI/PPGL products are quite aesthetically pleasing; it is an important part of expressing your building style. Aesthetics are determined based on style and color. You can choose a style that suits the architecture of the building or choose colors according to interest.Insulation ability: For some countries with harsh climates, the sound and heat insulation of PPGI/PPGL is even more effective. The use of PPGI/PPGL will help the building become cooler on hot days as well as limit noise.Market price surveyYou need to survey again to choose a good supplier in terms of both quality and price. For a product line, the price from each supplier will be different. Before importing, you should consult the prices of many suppliers, compare prices and choose products with reasonable costs. However, when choosing PPGI/PPGL, don't be cheap; cheap products may be poor quality and may affect your project. Therefore, if you are in need of long-term investment in architectural works, especially high-class apartments and villas, choose PPGI/PPGL with a high price segment to ensure durability and resistance for many years.Choose brand, place of productionQuality is a prerequisite to ensuring the sustainability of the project. When choosing to import PPGI/PPGL, the most important thing to consider is the brand and the place of manufacture; this is something that many importers overlook. So if you choose, pay attention to the ISO product quality management certificate or certificate of origin; this helps to ensure the quality of the work. Choosing a reputable brand will help importers avoid buying fake and poor-quality goods on the market.Currently, in the Vietnamese market, many famous brands produce and trade PPGI/PPGL, such as SY Steel Vina, Dong A, Nam Kim, Hoa Sen,... The products of Vietnamese enterprises always meet strict requirements slots for all projects, from civil projects to large-scale projects. With a source of qualified products, Vietnam is proud to provide importers with quality PPGI/PPGL products, an indispensable material solution for construction projects.Hopefully, with the above sharing, MRS Steel will help importers have more information to choose beautiful and durable PPGI and PPGL products at a reasonable price for their projects!

Galvalume is considered a special imported product because the process of finding out information about the item is always complicated. Galvalume steel coil specifications always come with a series of dense data in terms of width, hardness, and thickness that importers need to learn carefully before conducting a transaction.Technical Galvalume Steel Coil SpecificationsThe technical specifications are the evidence demonstrating the strength, toughness and mechanical properties of products. If you are an importer and do not know the basic specifications below before proceeding to trade the item, it is very easy to meet the situation of receiving the finished product not as expected.ThicknessThe thickness is one of the important galvalume steel coils specifications in the information description table. The thickness will certainly affect the selling price, depending on a coil of steel thickness or thin that the factory will calculate a suitable price for the buyer. Sometimes importers require oversized thicknesses, which will make it difficult to find source because not all factories can meet the special requirement of thickness in production.Currently, for Galvalume coils, the ideal thickness is usually in the range of 0.25 to 1.2 mm. The reason why is called the ideal thickness because this is the thickness range that most factories can produce and it is often widely applied in many fields.Coating thickness symbolGalvalume steel coil has 3 layers including base steel layer, aluminum zinc coating layer and color coating layer. Therefore, when viewing coating symbols, importers need to keep in mind a few definitions. There are 3 common coating thickness symbols in galvalume steel coils specifications used by steel manufacturers including BMT, TCT and APT.BMT: reflects the thickness of the base steel layer, which is the inner steel core that has not undergone aluminum galvanizing processes. Therefore, if the galvalume coil is printed with BMT, the importer should understand this as the thickness symbol of the cold rolled coil.TCT: The full name of TCT is Total Coating Thickness, which means that the thickness of the product will now include the base steel layer along with the galvanized layer.APT: APT is the only symbol for prepainted galvalume steel coil products because APT stands for After Painting Thickness, the thickness of the steel product after color plating.Width Besides the thickness, the width gauge size also plays an important role among galvalume steel coils specifications, the manufacturer will rely on these two parameters to calculate the weight of the steel coil. The common formula for calculating the weight of coiled steel applied by many factories today ism (kg) = T (mm) x W (mm) x L (mm) x 7.85Where T is the symbol for the steel thickness, W represents the width and L is the length of the coil. The number 7.85 is the density of iron in mathematics.Grade (Hardness)If thickness was a reflection of the steel's appearance, then hardness would be a measure of the strength for galvalume steel coils. High hardness means that the strength of steel is extremely good and it also shows durability. However, higher hardness also makes the steel become more difficult to handle in machining and design applications. People usually will rely on 3 criteria to evaluate the hardness of steel including: Tensile, Yield Strength and Elongation.Yield StrengthThe manufacturer will put the steel in a specialized machine and start pulling at the 2 heads of the steel, at a certain force when the steel begins to deform, the manufacturer will rely on that to record the Yield Strength of the product.Tensile If Yield Strength reflects the time to deform of steel, then Tensile will be the proof of the maximum strength of a steel product. When the tension between the two heads reaches a large enough to make the steel break at this point, it is called Tensile. Currently, the unit of measure applied to both Yield Strength and Tensile is MPA (N/m2).ElongationElongation is a measure of the distance between the beginning deformed position to the point of failure, it is calculated based on the ratio between Yield Strength and Tensile. If the percentage of Elon is large, it shows that the steel is ductile and easy to form up. Whereas the percentage of Elon is low, it means that the steel is hard and brittle, the steel structure is extremely solid but it will interfere with shaping.In addition, the steel hardness parameters shown on the information table are usually calculated based on the minimum force impact. More specifically, if the Yield Strength parameter is G300, when testing the steel standard, the manufacturer will have to use a minimum force of 300 Newtons to deform the steel.Color IDOne color tone will have many different color shades, so learning the color code before implementing trade will help importers avoid the risk of receiving wrong colors. During the negotiation process between the two parties, the manufacturer will often send to customers a RAL color system with certain symbols on them. When the customer reports the color code, the manufacturer will base on the customer's color requirements to mix the paint color.Commodity classification in galvalume steel coil specificationHS CodeHS is a commodity classification code that is applied to all countries, so when conducting commercial transactions between two countries, understanding the HS Code is the necessary action in determining the category of goods.Conventional iron and steel products refer to the first 2 digits as 72, the following numbers will classify in more detail the width as well as the thickness of the steel coil. The most common HS Code of galvalume coils today is denoted by 8 digits 72107013.Country of origin & Brand NameOne of the last galvalume steel coil specifications that importers need to pay attention to is information about the origin of the product. Possessing a certificate of origin will make the goods easier to clear and the importer can rely on it to distinguish whether it is an authentic product or a floating product on the market.Find out the good partner in removing barriers when importing Galvalume steel The expanding global economy as a trend has led to the development of cross-border commercial cooperation relationships. Unlike domestic trading, import-export trade, especially steel products, always hinders foreign importers about the diversity in price segment and the choice of Vietnamese reputable factories.Due to many years of experience and working in the steel industry, MRS Steel is ready to accompany you in solving commercial transaction problems. During the process of establishment and development, we believe that we can advise and help you find a source of quality and reputable goods based on our extensive relationship with domestic steel factories.If you are in need of importing Vietnamese steel products, specifically galvalume steel products and you are in need of further advice on pricing policy, please contact MRS Steel immediately through the information attached below!

The steel industry has gradually regained growth in recent times. Predictions suggest that the demand for steel exports is expected to recover in the coming quarters, given the high domestic selling prices in the EU, the US, and Asian countries.According to a recent steel industry outlook report, VCBS Securities Company stated that steel production activities have shown signs of recovery in the mid-2023 period, contributing to an increase in the overall supply. This comes as manufacturers return to profitability after adjustments in input costs such as ore and coal, supporting profit margins. Additionally, a more positive hydroelectric output is further bolstering the energy supply for steel production mills.The export volume of construction steel also demonstrates a strong recovery for the steel industry since August 2023, as China gradually reduces competition in the export of construction steel towards the end of the year. Specifically, in November, Vietnamese enterprises exported over 7.4 million tons of steel, a 29% increase compared to the same period last year. The main export markets include ASEAN, the EU, the US, India, and Taiwan, among others. As for galvanized products, although the export volume has not reached the levels of 2021, it has shown a significant recovery compared to the low point in August 2022. A substantial contribution to this recovery comes from the export of steel to the EU market, where the supply has been heavily affected by the earthquake in Turkey and ongoing energy shortages.Regarding the export market outlook, demand for the export market will remain positive in 2024. Specifically, according to the forecast by the World Steel Association (WSA), global steel consumption is expected to grow by 1.9% in 2024. The substantial recovery in many countries, such as Europe and the United States, is expected to have a positive impact on the production and prices of exported galvanized steel, with export steel prices expected to increase by 9% in 2024, improving the gross profit margins of steel exporting companies. Additionally, China, as the largest and least dynamically growing country in 2024, is projected to have steel consumption growth of only 0%. This presents an opportunity for the Vietnamese steel industry to boost exports to other potential countries.If the export market expands, the steel industry can benefit from increased exports of its products. However, alongside this, fluctuations in international trade policies can impact the steel industry. Trade protection measures or changes in tariffs may present new challenges or opportunities for steel businesses. Therefore, steel enterprises are compelled to seek and maintain new export markets to ensure diversity and stability in income sources. Generally, in 2024, the steel industry is expected to see signs of recovery from the export market. Particularly in major markets such as the EU, Mexico,.. This will be an opportunity for Vietnamese steel businesses to establish and develop the Vietnamese steel brand on the global steel map.