Seah Steel Vina Corporation (Vietnam)

The subject focuses on manufacturing kinds of steel pipe. Besides domestic market, finished products are exported to many countries like Australia, USA, China, Hong Kong, Singapore, Bangladesh, Cambodia... for consumption.In 2021, the subject and other steel companies could benefit from favorable movements in market like a drop in cost of input materials for production and a recovery in steel price. Almost companies in steel industry improved profit margins. Nevertheless, in 2022, geopolitical tensions and instability in macroeconomics factors in many big economies have caused global downturn. Accordingly, there is a drop in steel demand in China. In addition, the domestic real estate market is expected to slow down in near future. Specifically, the real estate market encounters many difficulties like a rise in interest rate and tightening credits from bank & bond market. Along with weak steel demand, input cost for materials tends to increase when compared with 2021. Business performance of steel companies may not be optimistic in 2022 as a result.  In latest investigation, the subject is normally operating at present with workforce of 770 employees.