In 2021, Vietnam imported 12.3 million tons steel, more than 40% of which came from China

2022-02-18 15:17:19

In 2021, Vietnam imported 12.3 million tons of steel, more than 40% of which came from China


Vietnam's industry and Trade News reported on February 18 that Vietnam's General Administration of Customs announced that in December 2021, Vietnam imported 909600 tons of all kinds of steel, with an import volume of US $1.03 billion, an increase of 10% and 12.2% respectively month on month. In 2021, Vietnam imported 12.3 million tons of various types of steel, with an import volume of US $11.52 billion, a year-on-year decrease of 7% and an increase of 42.8% respectively.
Steel imports from China are the largest, accounting for 40.3% of the total and 38% of the total. The total amount reached 5 million tons and US $4.38 billion. Both import volume and import volume were higher than that of the previous year.
Followed by Japan, with imports of 1.9 million tons and US $1.73 billion, a year-on-year decrease of 22.8% and an increase of 23.8% respectively.
The third place is South Korea, with 1.5 million tons and US $1.59 billion. Year on year decrease of 16.5% and increase of 24.4% respectively.
Overall, steel imports in almost all markets have increased significantly.
Steel manufacturers from China have increased in steel exports.
Source: Economic and Commercial Department of Consulate General in Ho Chi Minh City
The Spring Festival holiday of the lunar year of the tiger has just ended. With the holding of the Beijing Winter Olympic Games, the steel market in Beijing has started and resumed work one after another. After the festival, the steel market got off to a good start. The price of rebar once stood at a high point of 5000 yuan, and then fell back. So how about the transactions of all businesses in Beijing's steel market after the festival, what do steel traders think of the post festival market, and what development plans do enterprises have in the new year? Lange steel network specially invited several steel trading bosses in Beijing to analyze and predict the steel market trend this spring.
Pay attention to the actual demand after the resumption of production of the steel plant
Zhang Yahui, chairman of Beijing Zhonggang Trade Co., Ltd
Beijing Zhonggang Trading Co., Ltd. started construction as scheduled after the festival. The main reason for the upward price shock after the festival is that the supply side is affected by seasonal factors and production restrictions in the northern region during the Winter Olympic Games. The output of blast furnace and finished materials has decreased significantly. At present, the overall output is low, and the inventory pressure is significantly lower than that in previous years, especially the low inventory of steel mills, which makes steel mills have a strong willingness to support prices. We should pay attention to the resumption of production of steel mills after the Winter Olympic Games.
In terms of demand, the macro policy released a loose signal, the central bank's credit supply in January achieved a "good start", the increment of social finance rebounded significantly, and the new RMB loans and new social finance both hit a record high in a single month. Among them, the investment in infrastructure has been significantly increased, boosting the market's optimistic expectation of later demand.
However, it is worth noting that when the demand has not yet started, the price of rebar has increased significantly before and after the Spring Festival. At present, the steel price has been on the high side, and the risk is gradually brewing. The raw material market has been affected by regulation recently, and there is also great uncertainty. Affected by this, the steel cost may move down. In the later stage, we need to pay attention to the actual demand after the resumption of production of the steel plant.Vietnam's industry and Trade News reported on February 18 that Vietnam's General Administration of Customs announced that in December 2021, Vietnam imported 909600 tons of all kinds of steel, with an import volume of US $1.03 billion, an increase of 10% and 12.2% respectively month on month. In 2021, Vietnam imported 12.3 million tons of various types of steel, with an import volume of US $11.52 billion, a year-on-year decrease of 7% and an increase of 42.8% respectively.
Steel imports from China are the largest, accounting for 40.3% of the total and 38% of the total. The total amount reached 5 million tons and US $4.38 billion. Both import volume and import volume were higher than that of the previous year.
Followed by Japan, with imports of 1.9 million tons and US $1.73 billion, a year-on-year decrease of 22.8% and an increase of 23.8% respectively.
The third place is South Korea, with 1.5 million tons and US $1.59 billion. Year on year decrease of 16.5% and increase of 24.4% respectively.
Overall, steel imports in almost all markets have increased significantly.
Steel manufacturers from China have increased in steel exports.
Source: Economic and Commercial Department of Consulate General in Ho Chi Minh City
The Spring Festival holiday of the lunar year of the tiger has just ended. With the holding of the Beijing Winter Olympic Games, the steel market in Beijing has started and resumed work one after another. After the festival, the steel market got off to a good start. The price of rebar once stood at a high point of 5000 yuan, and then fell back. So how about the transactions of all businesses in Beijing's steel market after the festival, what do steel traders think of the post festival market, and what development plans do enterprises have in the new year? Lange steel network specially invited several steel trading bosses in Beijing to analyze and predict the steel market trend this spring.
Pay attention to the actual demand after the resumption of production of the steel plant
Zhang Yahui, chairman of Beijing Zhonggang Trade Co., Ltd
Beijing Zhonggang Trading Co., Ltd. started construction as scheduled after the festival. The main reason for the upward price shock after the festival is that the supply side is affected by seasonal factors and production restrictions in the northern region during the Winter Olympic Games. The output of blast furnace and finished materials has decreased significantly. At present, the overall output is low, and the inventory pressure is significantly lower than that in previous years, especially the low inventory of steel mills, which makes steel mills have a strong willingness to support prices. We should pay attention to the resumption of production of steel mills after the Winter Olympic Games.
In terms of demand, the macro policy released a loose signal, the central bank's credit supply in January achieved a "good start", the increment of social finance rebounded significantly, and the new RMB loans and new social finance both hit a record high in a single month. Among them, the investment in infrastructure has been significantly increased, boosting the market's optimistic expectation of later demand.
However, it is worth noting that when the demand has not yet started, the price of rebar has increased significantly before and after the Spring Festival. At present, the steel price has been on the high side, and the risk is gradually brewing. The raw material market has been affected by regulation recently, and there is also great uncertainty. Affected by this, the steel cost may move down. In the later stage, we need to pay attention to the actual demand after the resumption of production of the steel plant.
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