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Improving steel quality is currently an important foundation for promoting the integration process, economic exchanges, and the expansion of trade exchanges among Vietnamese steel enterprises. Today, customers focus on product quality rather than price, so if you want to retain customers, you need to build a steel quality system.  In the international market, Vietnamese steel is increasingly appreciated for producing steel products that are both quality and affordable.Why improve steel quality?For businesses, improving steel quality is the most useful way to compete and attract customers. In today's conditions, improving product quality is one of the strategies to survive and develop businesses in a sustainable way and is also an important basis for promoting the process of integration, economic exchanges, and expanding international trade exchanges between enterprises. Product quality is critical for improving competitiveness and confirming the position of enterprises' products, goods, and brands in today's fiercely competitive market. Improving steel quality is not only important for businesses but also for the entire economy.When quality is guaranteed and improved, the number of products consumed increases, contributing to the creation of conditions for business development. In fact, Vietnam is now a country with a very strong steel industry in the region, and Vietnam steel has risen to 13th in the world. Improving Vietnam's steel quality close to the world, in particular, is one way to help the steel industry develop sustainably in the future and meet the stringent requirements of global markets. Vietnam's steel quality is improving day by dayIn recent years, Vietnam's steel industry has made significant progress and plays an increasingly important role in the steel industry in Southeast Asia. Vietnam currently holds the No. 1 position with 34% of total finished steel production in the region. Therefore, the requirements for steel quality in domestic and foreign markets are becoming increasingly strict. Vietnamese steel enterprises have invested trillions of VND to produce high-quality steel products favored by major markets in the world. The use of modern technologies and machines improves steel quality, allowing it to meet stringent requirements set by international standards for export and compete in demanding markets. Currently, Vietnamese steel has been exported to many countries and territories, especially the European and American markets. These are markets with very high requirements for product quality, which has also confirmed that Vietnam's steel quality is tending to go up. Opening a new step forward for our country's steel industryDuring the period of formation and development, Vietnam steel has constantly grown and brought to the market quality products with a variety of designs to meet the needs of the market. Vietnamese steel is also manufactured according to the standards of leading developed countries such as the US, UK, and Japan. Today, the steel quality of Vietnamese companies is increasingly gaining a foothold, and that also confirms a new step for Vietnam's steel industry on the world steel map.Vietnam steel - Leading in quality In the Vietnamese market, steel quality is always the top priority of enterprises. Steel products in Vietnam are strictly controlled according to ISO quality management systems such as ISO 9001:2015, ISO 17025:2017, and ISO 14001:2015 before being launched into the market. To achieve quality products, businesses all focus on investing in modern lines and equipment, regularly improving and upgrading equipment,... Vietnamese steel enterprises invest in training and improving employees' skills and abilities in addition to technology, equipment, and management software. Vietnamese enterprises have made investments to ensure the highest level of steel quality, which will be promoted in the future in order to maintain the reputation of Vietnamese steel branded products among customers.goods at home and abroad. Contributing to the development of Vietnam's steel industry in the world steel market. 

In the past, Vietnam imported all hot rolled coil from foreign countries. However, with large investment, enterprises in Vietnam have become self-sufficient in hot rolled coil steel production capacity to meet market demand.Assessment of Vietnam's HRC steel production capacityVietnam's steel production capacity has increased sharply since the 2010s. With a long-term vision and strategy, the assessment of the world and domestic market demand for hot rolled coil products is very high compared to before, especially as China is putting pressure on global hot rolled coil supply. Many Vietnamese enterprises have decided to invest in hot rolled coil production and make this product a major export in the future.Hot rolled coil is one of the steel products that Vietnam has not been able to produce before. The proactive production of hot rolled coil also helps Vietnam become more self-reliant in its steel production capacity. Actively source input materials for the production of steel pipes, galvanized corrugated iron, container casings, shaped steel, and industrial steel, providing high-quality products at competitive prices for other mechanical factories in Vietnam. Currently, in the Vietnamese market, only 2 enterprises, Formosa Ha Tinh Steel Corporation and Hoa Phat Group, can produce this product. This is the pride and a product that demonstrates the maturity of Vietnam's steel industry.Formosa - Vietnam’s leading HRC steel production capacity Formosa Ha Tinh Steel Corporation is one of the factories with large steel production capacities in Vietnam. Formosa is the largest closed iron and steel complex in Southeast Asia today. The first smelter began to be commissioned to produce billets in May 2017. Formosa Ha Tinh Corporation is a pioneer in hot rolled coil manufacturing in Vietnam. December 25, 2015 Formosa Ha Tinh Corporation has launched a hot rolled coil product; this is the first time hot rolled coil is produced in the Vietnam market.Currently, Formosa's hot rolled coil steel production capacity still leads the market, but it has lost its unique position when it has to share market share with Hoa Phat. Formosa's main market is still the South, with more than 60% of the consumption in this market. Formosa is known as a private enterprise that builds facilities, machinery systems, and lines to produce steel from iron ore with high quality and on a large scale to meet domestic and export steel demand. Currently, with 2 furnaces, Formosa has raised its total steel production capacity to about 7 million tons per year.Hoa Phat - The leading HRC steel production capacity in VietnamHoa Phat is one of the enterprises with the largest steel production capacity in Vietnam. Besides Formosa, Hoa Phat is the only domestic enterprise that can produce hot rolled steel coils. At Hoa Phat Dung Quat Iron and Steel Production Complex (the Complex), hot rolled coil is the most important highlight. In January 2021, after 4 blast furnaces came into operation, hot rolled coil became a strategic product for Hoa Phat's new development cycle. May 2, 2020, Hoa Phat launched the first batch of hot rolled coils, this is an important event marking the outstanding steel production capacity of Hoa Phat Group. 8/2022, after nearly 3 years of operation, the 5 millionth tonne of hot rolled coil has been produced at Hoa Phat Iron and Steel Complex, thereby affirming the No. 1 position of Southeast Asian steel manufacturers.Hoa Phat's investment in the production of hot rolled coil contributes to helping domestic enterprises to be self-sufficient in raw materials and increase steel production capacity. Hoa Phat will implement the Hoa Phat Dung Quat 2 Iron and Steel Complex project with a capacity of 5.6 million tons of hot rolled coil/year, bringing the total annual hot rolled coil capacity to 8.6 million tons from 2025.Hot rolled coil production output is increasing with stable quality according to JIS G3101-2017 (Japan) and SAE: J403-14 (USA) standards. Besides satisfying domestic partners and customers, Hoa Phat's hot rolled coil has been exported to markets such as the US, Mexico, EU, Malaysia.... In 2022, Hoa Phat's hot rolled coil sales volume will reach more than 2.6 million tons, bringing Hoa Phat's total steel production capacity to 8.5 million tons of steel/year.

The Vietnam Chamber of Commerce and Industry (VCCI) has submitted a document to the Ministry of Finance, expressing concerns about the impact of the proposed increase in steel export duty on Vietnam's iron and steel sector, particularly the steel billet manufacturing industry.Changes in Vietnam's steel export duty The Vietnam Chamber of Commerce and Industry (VCCI) has sent an official document to the Ministry of Finance to comment on the draft Decree amending and supplementing the Government's preferential import and export tariff. Accordingly, VCCI believes that the proposed increase in steel export duty will harm the steel billet manufacturing industry in particular and Vietnam's iron and steel sector in general.Regarding Vietnam's steel import and export duty, the Ministry of Finance has proposed to change the export tax rate for billet products (groups 72.06 and 72.07) from 0% to 5%. The goal of this adjustment is to contribute to stabilizing the supply for the domestic steel market, stabilizing the market prices, and ensuring the stable development of the steel industry shortly.Accordingly, the export duty is proposed to change based on applying a high level to raw materials and resources to limit the export of unprocessed natural resources. Therefore, the export duty rates for steel groups such as iron ores and steel scrap are regulated respectively at 40% and 15-17%. Particularly for semi-finished products such as billets, Vietnam is applying the export duty rate of 0%.According to the Ministry of Finance, Vietnam's steel industry has had many positive signals with appropriate import and export duty policies. Currently, domestic enterprises are maintaining a stable growth rate, gradually becoming self-sufficient in steel production lines, technology, and capacity, meeting the needs of domestic use and export of steel products in large amounts abroad.According to the Vietnam Steel Association (VSA) 2022, Vietnam's billet production capacity has exported about 8,937 million tons of steel, reaching an export value of 7.99 billion USD. Vietnam's steel export market is mainly distributed in ASEAN (36.22%), EU (18.37%), US (10.57%), South Korea (6.8%), and Hong Kong (4.1%).Steel import duty policy in ChinaAccording to the Ministry of Finance and the tax authority officially announced from 1/5/2021, China stopped the export duty refund policy from 13% to 0% for some steel groups. This decision strongly impacted 64% of China's steel exports, equivalent to 34 million tons, including alloy steel and carbon steel.China's export duty refund policy with group 7210: Non-alloyed coated steel and 7217: Carbon steel wire will cause steel prices in the world to rise. Steel importers worldwide are also facing many difficulties from China's new duty law. They are forced to look for steel-exporting countries with preferential foreign customer policies.Solutions to import steel in the Context of market fluctuationsAccording to the World Steel Association (Worldsteel) and other forecasts, the effects of inflation, high-interest rates, and the adjustment of duty policies of many countries will affect the global steel industry. Learning and connecting more with steel exporting countries in the world helps importers have more opportunities to access better supplies.By taking advantage of domestic raw materials, Vietnamese steel mills help limit pressure due to latency. In addition, the recent benefits of the Government's export duty policy have also contributed to making Vietnam a potential cooperation market for many foreign partners. However, under trade barriers and obstacles in culture, language, and geography, importers still need help finding reputable and quality suppliers.Currently, MRS Steel is one of the units specializing in providing solutions for sourcing and importing various steel products from Vietnam to help customers save time and effort in purchasing. Over 12 years of establishment and development, MRS Steel is proud to bring satisfied experiences to major importers from the EU, USA, Canada, Mexico, Australia, Middle East, Southeast Asia,... MRS Steel has connected with the largest steel factories in Vietnam, such as Hoa Phat, Ton Hoa Sen, POMINA, Ton Dong A, SENDO... can meet all product requirements of customers at the best price.The policies and regulations on the import and export of iron and steel are also constantly changing based on the adjustments and development orientations of the Government. Therefore, to update the complete and latest information, you can contact MRS Steel for the best support.For more information and specific quotation, please get in touch with MRS Steel via:Address: No.41 Street 37, Van Phuc City, Hiep Binh Phuoc Ward, Thu Duc City, Ho Chi Minh City, VietnamWhatsapp: +84 76 911 2358Hotline: +84 28 36 22 33 58Email: vanloc@mrssteel.com.vn 

The uncertain impact of the 2023 global economy on commodity prices, including iron and steel, has implications for the Steel Industry growth in Vietnam. Nevertheless, the industry's "big guys" still attract investors and exporters with unique stories.1. Situation of the global and ASEAN steel industryAccording to estimates by the World Steel Association (Worldsteel), steel demand in 2023 is forecast to reach 1814.7 million tons, up 1% compared to 2022. Other forecasts also reflect the impact of inflation and high-interest rates will affect the global steel industry. Currently, upstream factories are under tremendous pressure from the increase in input material prices, such as ore prices, and the shortage of coking coal with a price twice as much as in 2021. The reason is due to fluctuations in the local supply and demand situation from China, Australia, and Brazil. However, infrastructure demand is expected to increase slightly, contributing to a more positive improvement in steel demand in 2023.In ASEAN countries, although the Covid-19 pandemic has passed for a while, the effects and consequences of the disease still have not fully recovered. However, the good news is that countries such as Malaysia, the Philippines,... have issued policies to promote public investment projects to help the steel industry prosper. Not standing out of the race, Vietnam also focuses on recovering and developing a more stable steel industry.2. Steel industry growth in Vietnam 2023According to the Vietnam Steel Association (VSA), crude steel production nationwide will reach 23 million tons equivalent by 2022. Production of finished steel products will be at 31 million tons, and sales of finished steel products we teach about 27.5 million tons, all down 5% over the same period last year. Vietnam's iron and steel export market still mainly comes from Southeast Asia, accounting for more than 42%.Vietnam's steel market in 2022 experienced more difficulties and fluctuations than in 2021. Many large enterprises, such as Hoa Phat, are forced to pause some production plants to overcome the situation of high-priced inventories. It is expected that 2023 will continue to be a difficult year for the steel industry due to the stagnation and freezing of many projects. The industry's prospects will depend significantly on the policies to promote public investment in projects and the disbursement progress of the state.3. What opportunities for Vietnam's steel industry in 2023?Downstream factories using input materials such as billet, hot-rolled steel, and cold-rolled steel are all under pressure from fluctuations in semi-finished product prices and are at risk of losses. Hot-rolled steel prices have increased sharply in the last two years compared to 2018-2020. This makes it difficult for manufacturing enterprises to purchase and store raw materials proactively.In Vietnam, downstream factories can take advantage of domestically produced materials to alleviate some of the pressure due to latency. This is a preeminent competitive advantage only the domestic steel industry can do, thanks to its autonomy in raw steel supply and main types of semi-finished products.Besides, the International Monetary Fund (IMF) recently predicted that Vietnam's economic growth, although at 6.2%, is still impressive in the context of the global recession and price pressures from the markWorldorld school. Vietnam is a developing country with a strong position in exporting construction steel, mainly markets in ASEAN, the EU (16%), and the US (8%).4. MRS Steel - sourcing and importing various steel products from VietnamAccording to a report by the Vietnam Steel Association (VSA), modern production line technologies from Hoa Phat and Formosa also help improve the autonomy of domestic HRC. This helps stabilize the domestic prices of galvanized steel and steel pipes, reduce dependence on world HRC prices, and increase the advantage of steel export prices. By taking advantage of domestic raw materials, Vietnamese steel factories help limit pressure due to latency. In addition, the recent advantages of the government's export duty policy also contribute to making Vietnam a potential supply for many foreign partners. However, under trade barriers and cultural, language, and geographical obstacles, importers still face difficulties finding reputable and quality suppliers.Currently, MRS Steel is one of the units specializing in providing solutions for sourcing and importing various steel products from Vietnam to help customers save time and effort in purchasing. Over 12 years of establishment and development, MRS Steel is proud to bring satisfied experiences to major importers from the EU, USA, Canada, Mexico, Australia, the Middle East, Southeast Asia, etc. MRS Steel connects with the largest steel factories in Vietnam, such as Hoa Phat, Ton Hoa Sen, POMINA, Ton Dong A, SENDO,... MRS Steel can meet all product requirements of customers with the best price.Above is the latest information about the steel industry growth in Vietnam and globally in early 2023. Don't forget to follow and update many other impressive articles about Vietnam's iron and steel industry and the world exclusively at MRS Steel.For more information and specific quotation, please contact MRS Steel via:Address: No.41 Street 37, Van Phuc City, Hiep Binh Phuoc Ward, Thu Duc City, Ho Chi Minh City, VietnamWhatsapp: +84 76 911 2358Hotline: +84 28 36 22 33 58Email: vanloc@mrssteel.com.vn

In 2022, the global economy will face difficulties when inflation is high, and steel-using industries will slow down. Meanwhile, the price of raw materials for steel production increased, leading to an increase in production costs and a decrease in steel demand, which led to a reduction in crude steel production and finished steel products of all kinds—the period in 2021 from the beginning of the second quarter of 2022 until now. In Vietnam, in 2022, in the context that the domestic economy recorded a bright spot with a growth rate of more than 8%, it was a challenging year for the steel industry. Generally, in the fourth quarter of 2022, the production and sales of steel products had negative growth compared to the previous quarter. However, the export volume of the fourth quarter increased better. In 2022, the production of finished steel products of all kinds reached 29.3 million tons, down 12%. Sales of all types of steel reached 27.3 million tons, down 7.2% compared to 2021, of which finished steel exports Products of the Association's member enterprises decreased by more than 20% compared to 2021.According to experts, domestic steel consumption in 2023 can be supported by public investment and transportation projects. However, rapid inflation and tightening global monetary policy reduced investment and consumption demand, weakening steel consumption from the third quarter of 2022. Steel exports will remain quiet in the first and second quarters and will not recover until mid-2023 when the pressure to raise interest rates eases globally.Securities companies also said domestic steel producers will still face difficulties when construction demand decreases and input material prices increase. However, the expectation that the Chinese market will recover and the domestic public investment disbursement target is expected to increase by 20-25% will be the driving force for the recovery of the steel industry in the second half of this year.Source: Vietnambiz

The shortage of supply and demand caused China to revise its steel production growth target for 2023, and capacity expansion in Southeast Asian countries will help maintain the country's huge steel industry. According to S&P Global Commodity Insights, this year, China will likely aim to find control of domestic steel production growth and focus more on capacity swap projects aimed at the eco-friendly steel industry. more school.However, China still wants to invest in expanding capacity in Southeast Asian countries to maintain its giant steel industry, S&P Global predicts.Oversupply and shortage of demandIn 2022, China's new blast furnaces produced about 30 million tons of pig iron, while the capacity swap program produced about 25 million tons of crude steel.As some old mills closed during 2017-2022, new facilities being put into operation could lead to a net increase of 5.4 million tons of pig iron and 5.3 million tons of crude steel during the year. 2022.Not only that, due to the decline in steel demand both at home and abroad, China still has many new unfinished iron and steel projects in the past year. With projects postponed from 2022, along with many operational plans in 2023, Chinese steelmakers will raise new pig iron capacity to 118 million tons/year and new crude steel capacity under the new mechanism. swap up to 141 million tons.Thus, China's pig iron and crude steel capacity in 2023 will increase by 12 and 18 million tons, respectively.    “China's steel demand is likely to continue to decline in 2023 as both domestic and foreign demand slow down. So, China's operation of new steel projects will put a lot of pressure on the market trend if most manufacturers don't control their production," one source said.S&P Global's calculations from data from the National Bureau of Statistics and the China Iron and Steel Association show that the country's crude steel output could reach 1.011 billion tons by 2022. This is the second year of steel production. decline.In 2022, the decline in steel demand will be larger than the decrease in output. The main cause stems from the debt crisis of the real estate sector and the continued outbreak of COVID-19 across the country.As a result, in an oversupplied market, the profit margin from selling 1 ton of construction steel fell from $129 in early February 2022 to -80 USD in mid-June and then recovered to $80. level 1.7 USD at the end of December.“I think the downward pressure on the steel market in the first half of 2023 will be greater than in the second half of the year,” another source at S&P Global said.Some Chinese steel exporters said that oversupply is likely to persist in the Chinese steel market for most of 2023, but China's steel exports may remain depressed at least in the first half. 2023, as global buyers grapple with a tight inflationary environment. It is expected that China's total steel exports in 2023 will be lower than in 2022.Restoration facilityNew home sales in China, the main channel to support real estate projects, may start to recover in mid-to-late 2023 due to the low 2022 base and Beijing's stimulus packages. out to support the real estate industry recently come into play, some steel companies predict.However, all of S&P Global's market sources expect new housing starts - the most important factor driving steel demand in China - to continue to decline through 2023. However, they believe that the decline in steel demand in the real estate sector this year will not be as severe as in 2022.According to China's National Bureau of Statistics, the number of housing projects that started new construction fell 38.9% in the first 11 months of the year, while new home sales fell 26.6 percent.In addition to the difficulties of the real estate sector, China's manufacturing sector is likely to continue to be affected by the slowdown in domestic construction activity and weaker foreign demand for goods.“The contraction in overseas demand will be the leading disadvantage for China's manufacturing sector and its steel demand in 2023, while domestic consumption and construction-related manufactured goods will continue to decline. Construction is unlikely to improve much," another source of S&P Global said.Fortunately, China's infrastructure construction will pick up in 2023 and is likely to stay at or even slightly above the November 2022 figures.Year-on-year, infrastructure investment in China in November increased by 10.6%.    ASEAN in sightDespite the challenges that China faces on the domestic front, its steel enterprises are still considering investing in the ASEAN region in 2023.In 2022, steel demand in ASEAN is expected to reach 77.9 million tons, an increase of about 3.5% compared to 2021, data from the Southeast Asian Iron and Steel Institute (SEAISI) shows.In the context of expected increase in demand, steel supply in ASEAN may exceed demand if new steel projects come into operation in Indonesia, Malaysia and Vietnam. It is estimated that total production will increase from about 90.8 million tons to 162.6 million tons by 2030, SEAISI forecasts.SEAISI said the majority of new steel mills in ASEAN are China-supported construction, with the aim of selling steel back to China.New Chinese-backed steel projects have emerged by the end of 2022, the latest being Esteel Enterprise, which plans to build a "green" steel mill worth MR19.65 billion ($4.46 billion). in Sipitang, Sabah, Malaysia by 2025.According to S&P Global