SUMMARY
 
In Q3/2024, the entire industry continued to experience positive growth in both production and consumption.
Q3 production reached a record high, increasing by 16% compared to the same period last year, and rose an additional 10% from Q2. The average capacity across the sector is estimated at 72.9%.
Export volume increased by 22% year-on-year, reaching the highest level since Q4/2021. The main growth drivers were the US, India, and Brazil markets.
 
However, there are some notable points: Domestic sales in Q3 decreased compared to Q2, and decreased in most product lines except for cold-rolled steel. Competitive pressure on the prices of finished steel in the domestic market is becoming increasingly fierce, particularly in the context of a flood of cheap imported steel. Exports to several major markets saw significant declines in Q3.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. GLOBAL STEEL DEMAND OUTLOOK
 
C. THE WORLD'S CRUDE STEEL SUPPLY

D. VIETNAM & WORLDWIDE STEEL PRICE PERFORMANCE 

E. 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