Analyst Pin-board Steel exports update – Opportunities to come during the pandemic
2020 was a successful year for Vietnam's steel exports as despite the pandemic’s negative effects, and being under anti-dumping investigations in several markets, export volume still grew positively. According to the Vietnam Steel Association, the export volume of construction steel and coated steel increased by 7% and 14% YoY respectively in 2020. For 2021, we expect that Vietnam’s flat steel export will still grow positively as the pandemic’s negative effect on exports will decrease and the demand from the EU will still be high. Temporary export difficulties in key markets, especially Indonesia, is decreasing as COVID-19 is controlled better. Meanwhile, several large coated steel exporters in Vietnam have received orders for production until early 2Q, mainly from EU.
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