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The trend of steel import is facing many challenges and the risk of cutting production due to world fluctuations such as the extended Russian-Ukrainian conflict,... According to the latest report of the Vietnam Steel Association (VSA), the total export and import turnover of goods in June 2023 was estimated at USD 145 million, down 22.3% over the same period in 2022. Which export of construction steel reached 149,623 tons, down 21.5%.1. General assessment of Vietnam's import and export situation in June 2023The total export and import turnover of goods in June 2023 was estimated at 145 million USD, down 22.3% over the same period last year. Generally, in the first half of 2023, goods' total export and import turnover reached 930.6 million USD, down 14.2% over the same period in 2022. Which export of goods was estimated at 730 million USD, down 14.4%; the import was estimated at 200.6 million USD, down 13.4% over the same period.Regarding the market, the US is still Vietnam's largest export market with an estimated turnover of 44.2 billion USD, China is the largest import market with a turnover of 50.1 billion USD. Trade surplus to the US was estimated at 37.2 billion USD, down 24.9% over the same period last year; to the EU was estimated at 14.5 billion USD, down 9.8%; to Japan reached 1.2 billion USD; from China reached 24.5 billion USD, down 30.9%; from Korea reached 13.4 billion USD, down 34.8%; from ASEAN reached 4 billion USD, down 39.1%.2. Vietnam's steel export situation in June 2023Regarding exports, the export turnover of goods in June 2023 was estimated at 29.3 billion USD, up 4.5% over the previous month thanks to strongly promoted trade promotion activities.In June 2023 alone, construction steel production reached 738,196 tons, down 9% from the previous month and 20% over the same period last year. Construction steel export output reached 149,623 tons, down 21.5%, of which flat billet had the largest output with more than 210 thousand tons. Ranked 2nd and 3rd respectively are hot rolled coils with over 280 thousand tons and galvanized steel with over 220 thousand tons.Currently, the price of iron ore 62% is trading at 112 USD/ton, a negligible increase compared to the beginning of June 2023. The average price of iron ore in the second quarter is about 113 USD/ton, down 11% compared to the beginning of the first quarter of 2023 and down 19% compared to the same period in 2022. Coking coal price is about 230 USD/ton FOB, the average trading volume price level in the first half of 2023 was 293.6/ton USD, down 36.9% over the same period last year.3. Vietnam's steel import situation in June 2023According to data from the Vietnam Steel Association (VSA), the top 3 steel products with the highest import volume in June 2023 were hot rolled coil, scrap steel and stainless steel, reaching respectively 197,727 tons, 52,455 tons and 33,926 tons. In which, China's hot-rolled steel imports were 102,433 tons, accounting for 52% of Vietnam's total import volume. China's increase in steel exports has created robust pressure for domestic enterprises, causing consumption output to plunge and unstable steel prices.VSA's explanation for the strong import of foreign steel into Vietnam is that the duty rate applied to imported steel products is 0%. Not only that, trade remedies such as steel billet safeguards have been removed, so most steel products such as galvanized steel sheets, pre-painted steel sheets, prestressed concrete or steel pipe are not subject to any defense measures. Because of the convenience and ease of not having a strict quality inspection process like in other countries, the steel output imported into Vietnam is very diverse in terms of type, quantity, and quality.The above is a report on Vietnam's steel import and export situation in June 2023 with fluctuations and changes in the world economy. AG真人游戏 Steel will continuously update news about the domestic steel market, so do not forget to follow mrssteel.com.vn to receive the latest articles. For questions and advice on importing Vietnamese steel, don't hesitate to get in touch with AG真人游戏 Steel via Email at [email protected] or Whatsapp at +84 76 911 2358.

Weak business results due to the gloomy real estate market forced businesses to cut costs to maintain operations. These are the difficulties and challenges that the China steel industry has to face.Recently, China's large steel enterprises have announced that their business profits have decreased. It also mentioned obstacles that China steel enterprises are expected to face in the second half of this year. It is known that the reasons for these obstacles stem from low consumption demand and pressure to cut costs.According to the China Iron and Steel Association (CISA), this industry has reached a critical turning point in demand. CISA also concurs with the view of low consumption and persistently thin margins.In the first 5 months of the year, nearly half of China's giant steel mills had a loss in business results; although the number of orders increased, sales still declined. These are also two big problems that China's steel enterprises have to face at this time.China is known as the country with the most developed steel industry in the world, with more than 50% of steel production being produced in Chinese factories. However, the majority of input materials for steel production are imported from Australia and Brazil.China's steel market has just recovered due to the impact of the COVID-19 epidemic and the crisis in the real estate market. The real estate market and infrastructure construction account for about 60% of China's steel demand. However, infrastructure investment stimulus programs have slowed, while the real estate market is also growing slowly. Meanwhile, the Chinese government continues to encourage mergers and cuts to address persistent oversupply. It can be said that China's steel industry is undergoing reform, but progress is relatively slow.The Chinese government has not yet taken drastic measures to boost the country's domestic demand for steel. The profit of the steel industry is low, but the price of input materials for steel production is relatively high. This affects steel prices, leading to a gloomy domestic consumption market.In the context of weak domestic demand, forcing China steel enterprises to boost exports. However, the fact that factories boost exports to free up inventories means that selling prices are continuously falling. In May, the country's steel export price fell below $1,000 per ton ($920 per ton).According to a report by Marubeni Research, the level of oversupply (determined by subtracting consumption from crude steel production) in the first five months of 2023 has reached the highest level in the past seven years of the China steel industry.

On July 7, 2023, Steel Dynamics announced an unplanned outage of the hot-rolled coil mill at Sinton Texas Flat Roll Steel Mill. With this temporary shutdown, it is expected to restart before July 30, 2023. The cause of the outage was a wheel cutter failure on July 1, 2023. During the shutdown of the hot rolling mill, the cold rolling mill and flat steel lines are still operating as usual.The factory had a positive pre-tax profit with stable operations in the second quarter of 2023. It is expected that during the hot-rolled coil downtime, the additional cost to fix the problem will be less than $1 million.Steel Dynamics - The most significant domestic steel producer in the USWith annual steel production, recycling capacity, and facilities throughout the United States and Mexico. Steel Dynamics is one of the major domestic steel producers in the US market. Steel Dynamics' main products include hot-rolled coil, cold-rolled coil, bar steel, shape steel,... In addition, the company also manufactures liquid iron and processes and sells ferrous and non-ferrous scrap.Predictions about the futureIn the press release about the suspension of the hot-rolled coil mill that Steel Dynamics put out, there are some predictions about the situation of the economy and the steel industry market. These statements are effective as of the press release date and are indicative based on the current economic situation. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors.(2) global steelmaking overcapacity and imports of steel, together with increased scrap prices.(3) pandemics, epidemics, widespread illness, or other health issues, such as COVID-19 or its variants.(4) the cyclical nature of the steel industry and the industries we serve.(5) volatility, significant fluctuations in prices and availability of scrap metal, scrap substitutes, and supplies, and our potential inability to pass higher costs on to our customers.(6) cost and availability of electricity, natural gas, oil, or other energy resources are subject to volatile market conditions.(7) increased environmental, greenhouse gas emissions and sustainability considerations or regulations.(8) compliance with and changes in environmental and remediation requirements.(9) significant price and other forms of competition from other steel and aluminum producers, scrap processors, and alternative materials.(10) availability of an adequate source of supply of scrap for our metals recycling operations.(11) Cybersecurity threats and risks to our sensitive data and information technology security.(12) The implementation of our growth strategy.(13) litigation and legal compliance.(14) unexpected equipment downtime or shutdowns.(15) Governmental agencies may refuse to grant or renew some of our licenses and permits.(16) our senior unsecured credit facility contains, and any future financing agreements may contain, restrictive covenants that may limit our flexibility.(17) the impacts of impairment charges.Benefits of importing hot-rolled coil from VietnamVietnam's steel industry is considered to have a solid growth rate in the region; so far, it has risen to the 13th position in the world. This is a remarkable achievement for Vietnamese steel on the world steel industry map. Currently, the two largest hot-rolled coil manufacturers in Vietnam are Formosa Ha Tinh and Hoa Phat Group.Thanks to free trade agreements (FTA) such as CPTPP, EVFTA,... they have created a springboard to promote the development of Vietnam's steel industry like a storm. In addition, the core is hot-rolled coil enterprises in Vietnam that have constantly improved and diversified many product lines to help meet the needs of the market.In addition to the advantages of trade policy, the cost of steel production by Vietnamese enterprises is also lower than that of foreign enterprises. The majority of hot-rolled coil products are produced from iron ore, and because we are a country with solid mineral potential, we do not have to import input materials, thereby contributing to reducing manufacturing costs.With the benefits mentioned above, foreign importers who choose to import hot-rolled coil from Vietnam receive quality products and have more reasonable costs compared to other countries. If you need to import hot-rolled coil from Vietnam, don't hesitate to get in touch with us here.

According to the General Department of Vietnam Customs report, thanks to the trade promotion activities, the import and export turnover in May 2023 was estimated at 55.86 billion USD, up 5.3% compared to the previous month. The export of iron & steel reached 1.13 million tons, and the import of iron & steel of all kinds in May 2023 reached more than 838,000 tons.1. General assessment of Vietnam's import and export situation in May 2023According to preliminary data in May 2023 from the General Department of Customs, the country's total import and export value reached 54.08 billion USD, up 1.9% (equivalent to 1 billion USD) compared to the previous month. Export value was 28.04 billion USD, up 0.6% (equivalent to 176 million USD) and import value was 26.04 billion USD, up 3.3%.Regarding the export market, the United States is still Vietnam's largest partner with an estimated turnover of 37.2 billion USD. China is the largest import market of our country with an estimated turnover of 43.4 billion USD. In the first 5 months of 2023, Vietnam's trade surplus to the US was estimated at 31.2 billion USD; to the EU was 12.6 billion USD; to Japan was 521 million USD.2. The situation of Vietnam's steel exports in May 2023Merchandise exports in May 2023 reached 28.04 billion USD, up 0.6% (equivalent to 176 million USD) over the previous month. The commodity groups with the most substantial increase in value were textiles and garments with an increase of 376 million USD, vegetables and fruits by 265 million USD, iron & steel of all kinds with an increase of 118 USD, crude oil by 98 million USD, compared to the previous month.Iron & steel exports of all kinds in May 2023 reached 1.13 million tons, bringing the total export volume of this commodity in the first 5 months of 2023 to 4.38 million tons, up 10.4% over the same period last year. The main reason is that the import demand of the EU market increased by 55% and reached 1.36 million tons. Among 27 European countries, Italy is the largest importer of Vietnamese steel with nearly 696,000 tons, up 121% over the same period last year.According to the Ministry of Industry and Trade, Vietnam's future steel exports to the EU market will have many advantages thanks to changes in trade remedy policies for some steel products imported from developing countries in the WTO. According to the new regulations, valid from July 1, 2023, Vietnam benefits significantly from this quota expansion.Vietnam's most prominent steel export market is the ASEAN region with about 36% market share. In the first 5 months of 2023, the amount of iron & steel exported to the ASEAN market was 1.53 million tons.3. Vietnam's steel import situation in May 2023According to the General Department of Customs, the import value of goods in May 2023 reached 26.04 billion USD, up 3.3% (equivalent to 827 million USD) over the previous month. In the group of raw materials with increased the most such as crude oil increased by 40.1%, gasoline of all kinds increased by 20.8%, and coal of all kinds increased by 14%. Meanwhile, the commodity groups with a sharp decrease were iron & steel scrap, down 53.1% (equivalent to 137 million USD), and iron and steel and products down 7.4% (equivalent to 95 million USD).Iron & steel imports of all kinds in May 2023 reached more than 838,000 tons, down 18.9% over the previous month, worth 772 million USD, down 13.5%. Thus, in the first 5 months of 2023, Vietnam imported 4.61 million tons of iron & steel of all kinds, reaching 3.16 billion USD, down 29.7% in value over the same period last year.Currently, Vietnam mainly imports iron & steel products of all kinds from main markets including China with 2.49 million tons, up 14.5%, Japan with 737,000 tons, down 15.3%, Korea reached 409,000 tons, down 27.2%...compared to the same period in 2022.4. AG真人游戏 Steel provides prestigious Vietnamese steel import solutionsAG真人游戏 Steel is one of the units sourcing and supporting the export of Vietnamese steel to the markets of ASEAN, Europe, the United States, the UK, India, Turkey,... With many years of experience in the field of supplying cheap and quality steel from Vietnam's largest steel corporations such as Hoa Phat Group, Hoa Sen Group, Ton Nam Kim, Ton Dong A,... AG真人游戏 Steel is proud to be a reliable partner for importers all around the world.When buying domestic products, international customers often face language, market, customs policy, and duty rate difficulties. In addition to acting as an intermediary to help importers connect with Vietnamese manufacturers, AG真人游戏 Steel also supports procedures, delivery processes, customs clearance, the commitment that goods are imported on time, and your request.Facing the continuous changes in the world economy, updating the latest steel import and export data will help importers have more data and bases to make the best purchasing decisions. For any questions and contact to buy Vietnamese steel, please contact AG真人游戏 Steel via Whatsapp: +84 76 911 2358

After experiencing severe earthquake damage in February, Turkiye has begun to increase steel imports to rebuild infrastructure quickly. In the first 3 months of the year, Turkiye became the world's No. 1 net importer with a trade deficit of 55%.1. T眉rkiye increased steel imports to rebuild infrastructureAccording to data from the Turkiye Steel Manufacturers Association, the ratio of steel exports to imports here has fallen to 55%. The reason for the significant difference between export and import volume comes from the government's policy of postponing the date increase in import tax on flat steel products on February 26, 2023.Many sources say the delay will last until April 1, 2023. Turkiye steel producers met with the Ministry of Industry and Trade to discuss a plan to supply steel for construction reconstruction and rebuilding destroyed cities. Customs duties on the hot rolled coil (HRC), cold rolled coil, and galvanized steel will be increased from 6-7% to 15%, 17%, and 20% respectively.The manufacturers' association is worried that this extending delay in import tax increases will imbalance imports and exports and slow the recovery of exports. In addition, construction steel prices in Turkiye have shown signs of increasing uncontrollably because many factories here have suffered severe damage after the earthquake, leading to domestic supply not meeting the demand for reconstruction.2. Vietnam steel exports to Turkiye in the first 3 months of 2023Following the trend of increasing steel imports from Turkiye, Vietnam also benefits from a part of the total volume of Turkiye steel imports. According to data from the General Department of Customs, in the first quarter of 2023, Vietnam exported 104,000 tons of steel, and this value increased 386 times over the same period last year.Specifically, in the top of Vietnam's main steel export markets after the first two months of the year, Turkiye first participated with a total market share of 10%. The Vietnam High Commissioner in Turkiye said the earthquake had crippled the steel factory system here, but it would not significantly affect the import-export situation between the two countries. Turkiye accounts for 10% of the total steel export market share in the first 2 months in 2023It is expected that Turkiye will have to spend about 120 billion euros within 5 years to be able to rebuild the construction works in the country including 750,000 tons of coil and 1.25 million tons of steel plate. The reconstruction needs of Turkiye will be an essential mark to help Vietnamese steel enterprises further promote their steel export plans, contributing to removing difficulties in consumption when Vietnam's steel demand is weak. 

China's steel export output is forecasted to reach a record level in the past 7 years when the export volume from January to May has reached 36.4 million tons. The declining domestic demand and the depreciating currency have encouraged manufacturers in this country to promote exporting to deal the inventories.China's steel export is predicted to hit a new record in 2023Recently, some analysts indicated China will reach the steel export milestone in 2023 with an output in the range of 66-77 million tons, this is the highest milestone for 7 years ago. Specifically, in the time of period from January to May 2023, China's steel exports reached 36.4 million tons and increased by 41% over the same period last year. This development trend is expected to continue until the end of the year. It is possible that the total export volume of China by the end of 2023 will increase by 10% compared to 2022.Customs data shows that China's steel exports in May reached 8.36 million tons, which is the highest figure since September 2016. There are also some predictions that steel export volumes may decrease in June but very quickly it will grow again in July and August due to strong demand coming from Korea and Southeast Asian countries.China鈥檚 steel export volume is likely to hit a new record in 2023The reasons for China's steel exports surgeSome of the reasons for the sudden steel export output in this year come directly from the weakening domestic demand and the decreasing of the yuan. The chaotic domestic steel industry has forced steel producers in China to shift exports to overseas markets with higher demand in order to deal with inventories.Production increases but domestic demand weakensChina's real estate began to weaken in 2022, this recession dealing a strong affection to domestic steel manufacturers because the construction sector has always been the largest steel consuming sector. Construction projects in the real estate sector here from January to May have decreased by more than 7% compared to the same period last year.On the other hand, steel production output has reached the optimal level, at the end of June, blast furnace utilization rate (BAF) among 247 steel mills reached 92%, this is an all-time high number since 2021 to present. The constant increase in productivity while the demand from real estate is weakening has made the factories here look to export as a solution to reduce the inventory load.The Yuan depreciatesThe yuan has depreciated by nearly 7% against the US dollar since the beginning of the year. The fall renminbi exchange rate has brought opportunities for steel exporters in China as the export prices will be cheaper and provide them some advantages with the other manufacturers abroad. Beside that, the low price steel from China producers brings competition to other exporting countries.Consumption demand increased in some areasIn the context of the global economic recession, which has significantly affected the demand for steel in many countries. However, there are still some countries in the Middle East and North Africa that have shown strong consumption in the half of 2023. Currently, Middle Eastern countries are gradually investing in infrastructure projects to boost the economy instead of depending on oil as before, so the amount of steel imported from China entering this region has grown very strongly.The inflation situation in countries in Southeast Asia has made it easier to import Chinese steel because the price is extremely cheap. In addition, the demand for steel in some countries in this region is also boosted by some infrastructure projects sponsored by China contractors. However, Vietnam was out of the forecast because the demand for steel in Vietnam in May decreased by 15% compared to the previous month, the reason coming from the slow construction activities and projects.Some regions have high steel importing from ChinaSome risks of trade remedies from China's steel exportsThe growth in China's steel export generated concern for many steel producers in other importing countries due to fierce price competition. Some experts say that Chinese steel export shipments are harming foreign manufacturers because increased steel imported volume will force domestic steel mills to reduce output.India - a new power in global steel production is considering imposing countervailing duty on steel imports from China. In 2022 last year, India imposed anti-dumping duties on Chinese stainless steel pipes to protect the profits of domestic steel producers.Vietnam's steel industry proactively responds to trade competitionThe increasing steel production along with a favorable price can produce some advantages in exporting but it can also bring trade defense lawsuits. China is considered the world's largest steel producer today, but in fact this country is facing a lot of investigations and a series of anti-dumping decisions from other countries.Vietnam is also a new potential country in the field of steel production, Vietnamese steel products are not only present in the Southeast Asian market but also in Europe and America. However, the rapid increase in export volume means that many other countries will pay attention and domestic steel products will face anti-dumping lawsuits in the future.Facing the risks of trade remedies, the Vietnam Import-Export Department in recent years has promptly established agreements signed between many countries, including Free Trade Agreements (FTAs) such as the Vietnam Trade Union Agreement (FTA) and the Vietnam Trade Union Agreement (FTA); the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnam-EU FTA (EVFTA)... have opened up great opportunities for Vietnam's steel industry to export more easily. 

According to the latest iron and steel market report, steel sales volume in May reached more than 2.3 million tons, up about 13.6% month over month and on par with the same period in 2022. This is the best result from the beginning of the year so far, and the steel industry is expected to recover in the fourth quarter of 2023.Demand for steel market is still weakAfter a period of consecutive price increases, the world steel market tends to slow down and pause at 113.37 USD/ton, a slight increase of about 0.71%. Global steel demand has the potential to start recovering in 2023 after falling 3.2% in 2022. Accordingly, two regions, including East Asia and Southeast Asia, will contribute most of the growth in demand in 2023.In the first half of 2023, the iron ore market recorded many fluctuations when it sometimes reached 130 USD/ton, thanks to the recovery of China - the world's No. 1 steel market. However, iron ore prices then fell again due to slower global economic growth.The iron and steel market slowed down because the Chinese government's economic recovery stimulus policies were not strong enough. Especially in the real estate sector, which consumes a lot of iron and steel and is the driving force for the economic development of this country.Similarly, the North American market, the region that consumes about 7.5% of global steel production, is also facing high-interest rate pressure, bringing the risk of recession. In the European market, which currently accounts for more than 8% of steel consumption, after raising interest rates in June 2023, steel demand in this region is expected to decrease by about 1% in 2023 before recovering by about 5.4% by 2024.The steel market rises up against difficulties and challengesIn 2022, Vietnam will be the 13th largest steel exporter in the world, accounting for 3.4% of the global market share, and it will also be the 12th largest steel importer in the world, accounting for 5.5% of the world's total. This contributes to affirming the position of Vietnam's steel industry in the world steel market. The low iron and steel prices will benefit the imports of Vietnamese enterprises. In the first 5 months of the year, the whole country imported about 4.6 million tons of iron and steel, down about 12.4% in volume and nearly 30% in turnover due to the much lower iron and steel prices. In contrast, Vietnam exported nearly 4.3 million tons of iron and steel, up 10% over the same period last year.The domestic steel market weakened, forcing factories to reduce prices to increase competitiveness and boost consumption. In the first 5 months of the year, nationwide steel production reached more than 11 million tons, down 22% compared to last year. Steel products sold reached 10.4 million tons, down 19.3%; exports reached more than 3.1 million tons, up 2.6%.With the above signs, it can be seen that the steel market is moving in a positive direction. Difficulties will ease at the end of the year, especially in the fourth quarter of 2023, because this is the period of high demand when the works are accelerated. Besides, public investment will continue to support domestic steel demand.

The European Union (EU) has issued Regulation (EU) 2023/1301, amending Regulation (EU) 2019/159 on the application of safeguard measures to some imported steel products. The European Commission does not extend the safeguard duty for an additional year unless the EU鈥檚 steel producers can demonstrate injury from imported goods.1. EU: extension of safeguard measures against imported steel in the form of TRQOn June 2, 2023, the Committee on Safeguards of the World Trade Organization (WTO) announced that the European Union (EU) continued to extend its safeguard measure against imported steel under the form of tariff rate quota (TRQ) for some imported steel products for an additional year. The decision has been valid from July 1, 2023, to June 30, 2024.The reason for the extension is that the domestic steel industry of Europe can suffer significantly from the dumping and export of cheap steel by foreigners. The EC continues to maintain its defense by allocating quotas that are mixed between the way of allocating separate quotas for each country and general quota allocations to the remaining countries. The out-of-quota tariff is 25%. The amount of non-taxable quotas continued to increase by 4% compared to the period from July 1, 2021, to June 30, 2023.Vietnam is subject to a standard quota on a quarterly basis for 8 product groups, including:Group 1: hot rolled steel plateGroup 3B: electrical engineering steel plateGroups 4A, 4B: galvanized steel plateGroup 5: organic coated steel sheetGroup 9: stainless cold rolled steel plateGroup 25B: large steel pipesGroup 26: other steel pipesFor other groups of steel products, Vietnam is exempted from safeguard measures according to the criterion set for a developing country whose import turnover is less than 3%. In case the market share of importing another group of steel products from Vietnam into the EU exceeds 3%, this group will be included in the list of applying TRQ during the annual administrative reviews.2. EU: amending the application of safeguard measures to some imported steelsAfter listening to the recommendations from the relevant countries during the period from 5/6/2023 to 13/6/2023 along with the assessment of whether to terminate the safeguard measure early before June 2023 based on the general import export data in 2022, the EU has issued a new revised regulation effective from 1/7/2023.Under the revised rules, all tariff rate quotas (TRQs) of the safeguard measure will continue to increase by 4% from 1 July 2023. Any member of the WTO that is a developing country is exempted from safeguard duty in case that country's exports to the EU are less than 3% of its total imports for each product category. Vietnam is further applied to category 26 and removed category 3A compared to the old scope.If the aggregate share of imports from developing countries (with individual shares below 3%) exceeds 9% in a specific category, they will be subject to the same measure in that product category.According to the above Regulation, the countries benefiting from the quota expansion by country include Vietnam, Turkey, Brazil, China, Egypt, India, Indonesia, Malaysia, Moldova, North Macedonia, Oman, and South Fly.3. Vietnamese steel exports to the EU marketAccording to the latest report on Vietnam's steel market situation of the Vietnam Steel Association (VSA), the total production of the hot rolled coil in 2022 reached 6.04 million tons. Which, exports reached 1.3 million tons, up 0.9% over the same period in 2021.Galvanized sheet production in 2022 reached 4.56 million tons, down 23.4% over the same period in 2021, of which exports reached 2.086 million tons, down 38.1% over the same period in 2021. Steel pipe is one of the leading export products. According to VSA's record, the production output in 2022 reached more than 2.065 million tons, of which the export volume reached 258,873 tons, up 9.1% over the same period in 2021.With increasingly improved production capacity, and strong investment in technology lines, Vietnamese steel is capable of meeting international standards and customer requirements. The advantages of membership in the WTO and the signing of the EVFTA Agreements help Vietnam open up many opportunities to export steel to international markets in general and Europe in particular.Amendments in Regulation (EU) 2019/159 of the European Union positively impact Vietnam's steel industry. As a result, customers can import cheap, high-quality steel and enjoy many tax incentives. 

The tool steel market indicates its importance when it is present in almost all manufacturing sectors such as automotive, aviation, and other energy fields. According to the latest data reports, the tool steel market size will reach a 6% annual growth rate until 2032 due to the rise of industrial production demand in many countries around the world.Demand consumption of the steel tool market in recent yearsAccording to some data reports, the demand for tool steel has risen in recent years, specifically the line of high-speed steel (HSS) - a form of tool steel that can cut materials faster than other carbon steel. HSS's outstanding toughness and hardness properties make them ideal in metal cutting and drilling applications.The primary consumption market for tool steel is divided into specific sectors, the highest consumption sectors including automotive, aerospace, machinery, and energy manufacturing. The automotive and aerospace industries use aluminum as input material, so aluminum processing requires high-speed cutting tools because aluminum is molten. If the cutting tools are not fast and hard enough, like HSS steel, it will easily make the cutter stick to the aluminum section.It can be seen that the need for tool steels in the manufacturing fields is showing signs of expansion because they help the production process become more efficient and faster, thereby promoting the growth of the consumption tool steel market.Forecast the tool steel market trends from 2023 - 2032According to the newly-updated reported data, the tool steel market size will be valued at USD 5.9 billion in 2022, and this number will increase rapidly to USD 6.29 billion by 2023. From 2023 to 2032, the tool steel market size will have a compound annual growth rate of 6.64%, with a milestone of 10.52 billion USD in 2032.Forecast the tool market size in from 2022 - 2032 with the CAGR is 6%Forecast consumption trend of tool steel in fieldsDuring the 2022 - 2032 period, the sector that is expected to account for the most growth consumption is the automobile and aerospace segment. Currently, the majority of aircraft parts are produced with the participation of tool steel products. Other potential consumption growth fields of the tool steel market include machinery manufacturing and energy. The demand for tool steel in these markets is expected to increase due to the trend of promoting industrial economic models in many countries.Applications in the oil & gas sector and renewable energy sections are appreciated highly in future consumption. The outstanding durability with high resistance will help the tool steel to perform well in production processes such as drilling, cutting, and milling in the oil and gas pipeline. Regarding the renewable energy industry, the demand for tool steel in wind and solar panels will be driven by the trend of using eco-friendly energy in the current context.Forecast consumption trend of tool steel in each regionThe North American market will become the most significant tool steel sales market in 2021 due to the US being a country that invests a lot in research and development fields. The evidence is clear that the aerospace sectors are increasingly expanding in the United States, in addition to the construction and the automobile manufacturing industry also significantly driving the demand for tool steel in this region.Thanks to the development of the automotive industry in Europe, this market is also considered a substantial consumption of tool steels. Specifically, a number of car-producing countries account for the majority, such as Germany, France, and the UK.The tool steel market in Asia is expected to replace the North American market, and it will become the most significant tool steel sales market globally from 2023 to 2032. Construction and manufacturing activities are expanding rapidly in typical countries such as China, India, and Japan, these markets are essential factors in driving the consumption of tool steel significantly. Although the Asia market's starting point is lower than the European and North American markets, after a long time, this is a market with a remarkable growth rate of tool steel consumption.Forecast regional overall of tool steel market development from 2022 - 2032Development opportunities for the tool steel market in VietnamAs one of the countries with the fastest GDP growth in the world in recent years, Vietnam has been promoting the industrial economy and increasing production well. Expressly, in the period from 2025 to 2030, the government has set out a strategy to develop Vietnam's automobile industry, which promises a further breakthrough development of the country's auto industry. The promotion of automobile production also shows that Vietnam will be an ideal place for the tool steel market as the automotive industry has always been the field with the most vital consumption of tool steel.In addition, Vietnam is also a country developing a renewable energy industry. This country promotes the use of wind turbines and solar panels to replace traditional fossil energy sources. Up to now, Vietnam has inaugurated 8 solar panel factories, marking a new potential opportunity for promoting tool steel consumption in this country.

Grain-oriented flat-rolled products of silicon-electrical steel (GOES) are high-performance motors required in the EU manufacturing of transformers, generators, grids and wind energy. The EU's GOES market value stands at 鈧�410 million annually. In order to protect domestic producers from serious injury caused by dumping, the EC continues to extend GOES anti-dumping duties on exporters from China, Japan, South Korea, Russia and the United States of America from January 19, 2022.1. EU: Definitive anti-dumping duty on imports of grain-oriented flat-rolled products of silicon-electrical steel from China, Japan, South Korea, Russia and the United States of AmericaAccording to the General Director of the European Steel Association (EUROFER) said 鈥淭he EU energy security and climate objectives can only be met by maintain a viable European GOES industry鈥� so to avoid dependence on foreign supplies such as Asia, the United States, Russia,...the EU were forced to intervene on GOES's import price policy. After receiving the complaint of the European Steel Association (EUROFER) on June 30, 2014, the European Commission initiated an anti-dumping investigation against grain-oriented flat rolled products of silicon-electrical steel ( thickness over 0.16mm) imported from China, Japan, Korea, Russia and the United States. Products subject to investigation are grouped by CN code as follows: ex 7225 11 00 and ex 7226 11 00.On May 12, 2015, the EU decided to impose temporary anti-dumping duties on Grain-oriented flat rolled products of silicon-electrical steel imported from China, Korea, Russia and the United States for a period of 6 months, specifically:The duty rate imposed on GOES originating in China is 28.7% of the net free-at-Union-frontier priceThe duty rate imposed on GOES originating in Japan is 35.9% of the net free-at-Union-frontier price, except JFE Steel Corporation (Tokyo) is subject to a duty of 34,2%.The duty rate imposed on GOES originating in Korea is 22.8% of the net free-at-Union-frontier priceThe duty rate imposed on GOES originating in Russia is 21.6% of the net free-at-Union-frontier priceThe duty rate imposed on GOES originating in the United States is 22.0% of the net free-at-Union-frontier priceOn October 29, 2015, the EU decided to impose definitive anti-dumping duties on grain-oriented flat-rolled products of silicon-electrical steel imported from China, Japan, Russia and the United States (Commission Implementing Regulation (EU) No 2015/1953). The duty rate is calculated based on the European authorities' fixation on the difference between the net free-at-Union-frontier price and the minimum import price. The official notification took effect on October 31, 2015, after the publication of the resolution in the Official Journal of the European Union. The definitive dumping margins express as a percentage of the CIF Union frontier price, duty unpaid, are:CountryCompanyDefinitive dumping marginChinaBaoshan Iron & Steel Co., Ltd., Shanghai21,5 %Wuhan Iron & Steel Co., Ltd., Wuhan54,9 %All other companies54,9 %JapanJFE Steel Corporation, Tokyo47,1 %Nippon Steel & Sumitomo Metal Corporation, Tokyo52,2 %All other companies52,2 %Republic of KoreaPOSCO, Seoul22,5 %All other companies22,5 %Russian FederationOJSC Novolipetsk Steel, Lipetsk; VIZ Steel, Ekaterinburg29,0 %All other companies29,0 %USAAK Steel Corporation, Ohio60,1 %All other companies60,1 %2. EU: Extension of anti-dumping duty on duties on grain-oriented flat rolled products of silicon-electrical steel from 5 countriesThe investigation by the European Commission said that if the current anti-dumping measures were to end, the situation of GOES imports from Asian countries, Russia, and the United States would increase, which would be harmful to GOES production of Europe.Therefore, the Commission will continue to implement this measure in the form of minimum import prices. Under WTO rules, the minimum import price is considered a non-tariff trade barrier and is not accepted. However, they are still used as an anti-dumping measure. When the import price is lower than the minimum import price from 21.5 to 39%, the EU will apply anti-dumping duty. Therefore, it remains an acceptable regulation for grain-oriented flat rolled products of silicon-electrical steel to Europe. Although there are still many controversies and objections from Japan and China about this duty, the overall assessment shows that these measures will create a level playing field for domestic GOES producers and exporting countries with high quality GOES into EU.Above are the latest updates of AG真人游戏 Steel on the issue of 鈥淐ommission extends anti-dumping duties on grain-oriented flat rolled products of silicon-electrical steel鈥�. GOES is a strategic, high-end product that plays an important role in the European life and energy sectors. Therefore, the EC always issues policies to protect imported goods in a timely manner to avoid dependence on foreign supplies. This will ensure price stability and the domestic market, but it will also make it difficult for importers to access cheap, high-quality electrical steel sources.