SUMMARY
 
KEY POINTS OF THE STEEL INDUSTRY IN Q2-2024:
Global raw material and steel prices have dropped significantly.
China continues to boost exports, despite many countries moving towards investigations and imposing trade defense tariffs.
Domestic sales are showing signs of improvement, and export channels are maintaining growth.
Domestic selling prices are decreasing more slowly compared to raw material input prices, allowing companies to expand profit margins.
Issues related to the influx of cheap imported steel from China and India into Vietnam pose significant challenges for domestic companies, particularly for HRC manufacturers like Hòa Phát and Formosa.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION

B. THE WORLD'S CRUDE STEEL SUPPLY

C. VIETNAM & WORLDWIDE STEEL PRICE PERFORMANCE 

D. SITUATION OF STEEL MARKET IN VIETNAM
Overview of Domestic Steel Production and Consumption
Production of each steel product category 
Steel consumption in the entire country & of VSA member enterprises 
Steel industry export
Steel industry import