SUMMARY
 
In the first half of August, steel prices and various raw materials continued to follow a downward trend in most regions. But this decline has slowed down a bit in the past month. Domestic construction steel prices followed the global trend.
 
In August, export volumes unexpectedly surged by more than 40% compared to the same period last year, the highest in the past three years. Domestic sales have recovered from the low baseline of the previous year. Finished product inventories across the industry are at low levels.
 
However, steel prices and raw materials continue their downward trend. The industry's average export price in August reached its lowest point since early 2023. Raw material prices are also trending downward. This could impact businesses' inventory provisions, affecting their costs and profit margins.
 
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