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In the past 2023, Vietnam's HRC export volume recorded exceeding 3.4 million tons, marking a 2.6-fold increase compared to 2022. In December alone, the HRC export volume reached 229 thousand tons, experiencing a 34% decrease compared to November but a significant 19% increase compared to the same period in 2022.Overview of Vietnam's HRC export situation in 2023While domestic steel consumption is perceived as sluggish due to low demand and the domestic real estate sector still showing few signs of recovery, the export volume is considered a rare bright spot in the overall challenging landscape of the steel industry in 2023. Specifically, the sales of HRC in 2023 reached 6.8 million tons, a 10% increase compared to 2022, constituting nearly 26% of the overall steel consumption structure in 2023.Prominent in this field is the HRC export sector, significantly contributing to the overall achievements of the industry. With a figure of 3.4 million tons, the HRC export segment not only accounted for over 50% of the total sales volume but also recorded an impressive 2.6-fold increase compared to the same period in 2022. This is not only a positive sign of the competitiveness of the steel export industry but also reflects innovation and creativity in business strategies, enabling the Vietnamese steel industry to rise above challenging circumstances.The Vietnam’s HRC export volumes by month in 2022 and 2023Formosa Ha Tinh and Hoa Phat continue to maintain their leading and second positions in the production and export of HRC (hot-rolled coil). Formosa's HRC export volume in 2023 reached 2.2 million tons, surging by 46% compared to the export volume in 2022. Additionally, HRC was the only product that recorded positive sales growth for Hoa Phat, with a total volume of 2.8 million tons, a slight 6% increase compared to 2022, including an HRC export volume of 1.15 million tons.Among steel products, hot-rolled coil stands out as the product with the most robust growth. Some experts believe that the hot-rolled coil (HRC) market will recover more quickly due to ongoing strong consumption, especially in the mechanical and processing industries. Compared to construction steel, hot-rolled coil (HRC) not only offers more attractive pricing but also reflects a significant price disparity due to the construction industry's ongoing difficulties and substantial impact from the real estate market, while the mechanical and manufacturing sectors show better signs of recovery.India and Italy are the two main HRC import markets for VietnamBased on customs data, Italy and India emerge as the two largest HRC import markets for Vietnam in 2023. Italy, in particular, imported 1.1 million tons of HRC steel from Vietnam in the past year and in December alone, it continued to lead the HRC import market with a volume of 80,470 tons. Alongside Italy, India became the second-largest importer of HRC for Vietnam, with a total HRC import volume of 694,000 tons in 2023.Although India has been evaluated as a potential steel import market and consistently maintained its position as Vietnam's largest HRC importer in previous months, its import volume significantly decreased in December, plummeting over 85% compared to the previous month, reaching 20 thousand tons. Sources indicate that the primary reason for this decline is the anticipated reduction in India's domestic demand for hot-rolled coil steel, mainly attributed to the upcoming general elections causing disruptions in pricing. Currently, the country's mills are seeking solutions to address excess production by increasing exports to the European market.Top 10 countries with the largest imports of Vietnam's HRC in 2023Malaysia and Indonesia consistently stand out as two countries with stable HRC import volumes from Vietnam, regularly appearing in the top 5 largest HRC importers each month. In 2023, the HRC import volumes for Malaysia and Indonesia reached 464,874 tons and 394,786 tons, respectively. Additionally, in the top 10 HRC importers list, Mexico is the sole representative from the Americas with an import volume of 157,322 tons, while other predominantly European countries include Spain, Portugal, and Belgium.Predictions for the future of Vietnam's HRC export market in 2024The predominance of countries in the European region on the list of HRC importers for Vietnam in 2023 somewhat reflects the competitiveness and quality of Vietnamese steel products in the strategic expansion of export markets and shaping Vietnam's international steel industry position. However, the rankings on this list are expected to undergo significant changes in 2024, particularly among European countries.According to the customs statistics of the EU, as of January 5th, approximately 1.18 million tons of imported HRC are awaiting customs clearance in the EU for the first quarter of 2024, while the permitted quota is 923,594 tons. Within this quantity, the majority consists of shipments from Vietnam, Japan and several other countries. Under the EU's protective measures, any steel products imported beyond the quota will incur tariffs of up to 25%, unintentionally posing a new challenge for the export dynamics of Vietnamese HRC in 2024. Therefore, domestic HRC manufacturers will need to promptly adjust and implement new strategies to maintain their export market share and explore new consumer markets.MRS Steel regularly updates comprehensive information on HRC export volume and the list of importing countries in 2023 based on the latest customs data. If you have further inquiries about specific figures or weekly steel price lists directly from the factories, please contact us via WhatsApp at +84 76 911 2358 or email vanloc@mrssteel.com.vn for the fastest response possible.

With positive developments in consumption output in the final months of 2023, the Vietnam Steel Association (VSA) recently forecasted that the steel industry this year may increase by 10%, driven by expectations of global steel demand recovery.The steel industry and the positive signalsThe strong recovery of the steel industry this year is established against the backdrop of negative impacts from macroeconomic conditions and the 'freeze' of the real estate market in 2023. In the upcoming year, the steel industry is forecasted to experience significant growth, leading to the recovery of profits for businesses within the sector.As we step into 2024, the internal economy displays indications of recovery, bolstered by governmental and sector-specific policies that encourage public investment. It is anticipated that the steel industry in 2024 will witness a growth of 6.4%, reaching nearly 21.6 million tons. Not only in the domestic market, but the volume of Vietnam's steel exports is expected to sustain growth due to the increasing global demand for steel. Accordingly, the export of finished steel and semi-finished products is projected to rise by 12%, reaching nearly 13 million tons. This target is set based on the expectation that Vietnam's GDP will grow by 6–6.5% this year. The increased consumption of the steel industry is largely attributed to the signs of recovery in the real estate market in the fourth quarter of 2023 and real estate projects are expected to boost sales in 2024.The steel industry relies on the market's recoveryAt present, the economy has recorded some bright spots regarding policies to remove difficulties, promote public investment and stimulate economic growth issued by the government and various ministries. Accordingly, the Vietnam Steel Association (VSA) also forecasts that the prospects for Vietnam's steel production may increase by about 10% in 2024 and 8% in 2025 as the demand for steel from domestic economic sectors recovers.The forecast for the production of finished steel in the period 2024–2025 is expected to reach approximately 28–30 million tons, with domestic steel consumption ranging from 21-22.5 million tons. The primary drivers for steel consumption stem from the gradual recovery of the real estate market. The government and various ministries are actively investing in and developing infrastructure and implementing public projects. This concerted effort is poised to revitalize the domestic steel industry, leading to a surge in profits for steel manufacturers after a prolonged period of losses and inventory challenges. Although actual steel consumption by end consumers has not fully recovered as anticipated, the price surge at the beginning of 2024 was predicted by steel industry experts since the end of 2023, when production material costs continuously increased for several weeks. With the momentum of the recovery, steel prices are forecast to continue rising before the Lunar New Year, possibly surpassing the 15 million VND per ton mark.Therefore, all enterprises in the steel industry expect the government, as well as relevant ministries and departments, to implement stronger policies to support the real estate market and promote the development of the steel market in 2024.

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!

Steel melting is a complex process, many stages and requires many advanced technologies to create finished products of outstanding quality, meeting the stiff demands in construction. The process has 3 main steps: iron ore treatment, blast furnace molten iron smelting and impurity treatment to form billets and finished products. In this article, MRS Steel will describe in detail the steel melting process to help you better understand the nature of this metal.1. What is iron ore steel melting?The process of making steel from scrap steel is relatively simple because the raw material only needs to go through an electric arc furnace (EAF) or an induction furnace (IF) to smelt into square billets and roll out the final product. Meanwhile, steel made from iron ore has to go through a long process with many different complicated stages. Iron ores are rocks containing metallic minerals that are mined and processed to produce steel. Different types of iron ore contain different proportions of iron, divided into 3 basic types:Magnetite: The chemical formula of this ore is Fe3O4 containing 72.41% iron. In nature, the amount of magnetite iron ore is very rare because they possess the highest iron contentHematite: This is an iron ore with 70% iron content, after magnetite, the chemical formula is Fe2O3. In Greek, hematite ore means blood because of their characteristic red color, easily found in Asia, Australia, and Brazil.Pyrit: The chemical formula is FeS2 containing iron content up to 46.67% with metallic, golden copper color. It is the most common of the sulfide minerals.2. What is the process of making steel from iron ore?Step 1: Iron ore processingIron ore with the main components being iron oxides Fe2O3 and Fe3O4 in raw form, with different contents and sizes, processed, mixed according to the required ratio, combined with coke coal, lime and dolomite to put into the furnace to produce liquid cast iron. The product is an alloy of Fe and C with a Carbon content of more than 1.7%. Carbon is an important element affecting the hardness, ductility and toughness of steel. When %C is in the range of 0.8-1%, the steel has the best strength and hardness, but if the ratio exceeds 1%, they begin to decrease. Therefore, the manufacturer reduces C in cast iron and some other harmful impurities (Cu, Ni, Cr) to less than 0.03%. Liquid cast iron water, after being transferred to an oxygen furnace, helps to melt iron ore and reduce the level of impurities such as sulfur, phosphorus,...Step 2: Create a liquid of molten steelFrom the molten cast iron in stage 1, it will continue to be led to the basic furnace or electric arc furnace to treat impurities and combine some other metals such as manganese, chromium, nickel, aluminum, copper, ... to enhance the technical properties of the steel and create the grade required by the market.Step 3: Roll billet, finished steelWhen step 2 has been completed, the liquid metal is put into casting machine systems to form billets or finished construction steel products such as rebar, coil, hot rolled steel,....There are 3 main types of bar stock, slab and bloom, which are cast in two different states: hot casting and cold casting. For bar stock with cross section of 100x100, 125x125 and 150x150, length 6.9m or 12m  for use as coil and rebar. Slabs are often used to make hot rolled coils, cold rolled coils or V-C-U-H sections, while bloom can completely replace both bar stock and slabs.3. Vietnam's modern steelmaking technologyThanks to the closed steel melting process, advanced technology lines imported directly from G7 countries such as Tenova group, Danieli - the leading corporation in Europe and the world in metallurgical and steel rolling equipment, has turned ore into high quality products without impurities. Products after steel melting have impurities below 0.03%, lower than the standards of many fastidious import markets in the world.The process of smelting steel from ore removes many harmful impurities such as S, P, so the finished steel has strength and longer life expectancy. Steel made from iron ore possesses superior physical and mechanical properties and can be rolled into products with a higher diameter and grade of steel such as D55 construction steel, tensile strength reaching over 600N/m2, suitable for construction projects, bridges, ports, skyscrapers,…Steelmaking is a complex production process, requiring many modern technologies and lines to ensure product quality and not cause pollution to the environment. Vietnam is one of the countries with the leading steel melting capacity in the world. For any inquiry and request for quotation, please contact MRS Steel via Email: vanloc@mrssteel.com.vn for detailed advice.

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!