Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $605 per ton, falling by -8.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 40%. As a result, import price attained the peak level of $662 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($750 per ton), while the price for Brazil ($262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam (FOB) - 2022

The average export price for steel, alloy stood at $627 per ton in 2022, stabilizing at the previous year. In general, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 9.1% against the previous year. As a result, the export price attained the peak level of $749 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($858 per ton), while the average price for exports to Lao People's Democratic Republic ($350 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam

Imports of steel, alloy into Vietnam dropped dramatically to 687K tons in 2022, reducing by -70.4% against 2021. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of 2.3M tons, and then reduced markedly in the following year.

In value terms, imports of steel, alloy reduced rapidly to $416M in 2022. Over the period under review, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 120% against the previous year. As a result, imports reached the peak of $1.5B, and then dropped rapidly in the following year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Vietnam in 2022:

1. Taiwan (Chinese) (446.6K tons)
2. China (99.8K tons)
3. Japan (67.3K tons)
4. South Korea (49.6K tons)
5. Malaysia (10.7K tons)
6. Brazil (4.3K tons)
7. India (3.4K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of steel, alloy, which increased by 24% to 1.3K tons in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 370%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of steel, alloy soared to $825K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 337%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Vietnam in 2022:

1. Indonesia (446.4 tons)
2. South Korea (239.6 tons)
3. Philippines (225.6 tons)
4. Thailand (223.8 tons)
5. Brunei Darussalam (122.4 tons)
6. Cambodia (22.4 tons)

Source: IndexBox Market Intelligence Platform