{"id":2538,"date":"2026-05-14T10:23:43","date_gmt":"2026-05-14T03:23:43","guid":{"rendered":"https:\/\/dk-metalsurfacetreatment.com\/?p=2538"},"modified":"2026-06-03T14:24:15","modified_gmt":"2026-06-03T07:24:15","slug":"vietnamsteel-industry","status":"publish","type":"post","link":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/vietnamsteel-industry\/","title":{"rendered":"Vietnam’s steel industry in the first 4 months of 2026: The race to rebuild market share in global turmoil"},"content":{"rendered":"

The first months of 2026 will see Vietnam’s iron and steel market enter an important transition period after a prolonged period of decline. In the context that the global economy is still facing many uncertainties, the domestic steel industry, particularly Vietnam’steel industry, is showing clear signs of recovery thanks to the push from public investment, improved civil construction demand and strengthened trade protectionist policies. This recovery is crucial for Vietnam’steel industry in the first 4 months of 2026.<\/em><\/strong><\/p>\n

Key Trends Influencing Vietnam’steel industry<\/strong><\/p>\n

At the international level, the global steel market in the first quarter of 2026 will continue to be under pressure of supply exceeding demand, especially in Asia. China \u2013 the world’s largest steel consumer and producer \u2013 has not yet recorded a strong recovery in the real estate and construction sectors. This causes domestic demand to remain low, leading to downward pressure on many finished steel lines such as construction steel and hot-rolled coil (HRC), impacting Vietnam’steel industry.<\/p>\n

The ongoing transformation of Vietnam’steel industry reflects the broader economic shifts occurring within the region.<\/p>\n

As we analyze the recovery of Vietnam’steel industry, it’s essential to note that the combination of domestic demand and international market dynamics will play a pivotal role in shaping its future.<\/p>\n

Meanwhile, international iron ore prices remained stable around the threshold of 99\u2013102 USD\/ton, helping the input costs of steel mills not fluctuate too much. However, the abundant supply from China and a number of major exporting countries has continuously increased, which has created great competitive pressure on import markets, including Vietnam.<\/p>\n

The stability of raw material prices is a crucial factor influencing the cost structure of Vietnam’steel industry.<\/p>\n

Furthermore, the challenges faced by Vietnam’steel industry highlight the need for strategic planning to enhance competitiveness.<\/p>\n

On the contrary, the US market recorded more positive developments thanks to stable domestic demand and strict trade protectionist policies, helping steel prices maintain a relatively stable level.<\/p>\n

The domestic market recovers thanks to public investment<\/strong><\/p>\n

In Vietnam, the steel industry is entering a new recovery cycle with the main driver coming from the domestic market. Public investment disbursement activities have been strongly promoted in the fields of transport infrastructure, industrial parks and civil construction, which has contributed to pulling steel demand up again.<\/p>\n

The resurgence of the domestic market is vital for the overall health of Vietnam’steel industry.<\/p>\n

According to industry analysts, construction steel consumption in the first quarter of 2026 increased by about 12% over the same period last year, while HRC consumption increased sharply by 30%. The steel price level also tends to recover after a deep decline lasting from 2024-2025.<\/p>\n

This trend in increased consumption signifies a turning point for Vietnam’steel industry.<\/p>\n

It is forecasted that in the whole year of 2026, the demand for construction steel may increase by about 10-12%, while HRC will continue to be the strongest growth group thanks to demand from industrial production and mechanical engineering.<\/p>\n

Notably, Vietnam’s application of trade remedies for imported steel, especially broad-gauge HRC from China, is creating more room for domestic enterprises to increase market share.<\/p>\n

Trade policies affecting imported steel directly impact the competitive landscape of Vietnam’steel industry.<\/p>\n

Hoa Phat leads a new growth cycle<\/strong><\/p>\n

In the overall recovery picture of the industry, Hoa Phat Group continues to emerge as the biggest beneficiary thanks to the advantages of scale, closed production ecosystem and outstanding domestic market share.<\/p>\n

As a key player, Hoa Phat’s performance will significantly influence the trajectory of Vietnam’steel industry.<\/p>\n

In the first quarter of 2026, the business recorded revenue of more than VND 52,900 billion, a sharp increase over the same period, while profit after tax exceeded VND 9,000 billion \u2013 the highest level in recent years. The improvement came from increased domestic consumption demand, better profit margins by taking advantage of low-priced raw materials and the recovery trend of steel prices.<\/p>\n

In addition, businesses with a strong domestic market platform such as Hoa Sen or VNSteel are also assessed to benefit in the new phase of the industry cycle.<\/p>\n

\"\"<\/p>\n

Vietnam’s iron and steel at the beginning of 2026: The pivotal time of a new growth cycle<\/em><\/span><\/p>\n

The group of exporting enterprises continues to face difficulties<\/strong><\/p>\n

In contrast to the prosperity of the construction steel group, businesses that rely heavily on exports are still under a lot of pressure. Demand from the US and Europe recovered slowly, while cheap steel from China continued to flood into the ASEAN region, making competition increasingly fierce.<\/p>\n

Nam Kim is one of the enterprises that was clearly affected when export volume dropped sharply in the first quarter of the year. Similarly, many other galvanized steel and steel trading enterprises still face pressure to reduce profit margins due to low selling prices and increased financing costs.<\/p>\n

Analysts said that in the context that global trade has not fully recovered, the advantage will be in favor of businesses with good cost control, large production scales and a strong focus on the domestic market.<\/p>\n

Conservative but positive outlook<\/strong><\/p>\n

Although the steel market in 2026 is considered to be entering a recovery phase, the outlook for the whole industry is still strongly differentiated. Factors such as fluctuations in raw material prices, global purchasing power, international trade policies and competitive pressure from Chinese steel will continue to greatly affect market developments in the coming time.<\/p>\n

However, with a positive public investment foundation, real estate gradually recovering and domestic construction demand improving, Vietnam’s steel industry is having the opportunity to regain growth momentum after many years of volatility. This is considered a period of strong restructuring, where only enterprises with good financial capacity, a complete production ecosystem and a suitable market strategy can break through and expand their positions.<\/p>\n

Ultimately, the strategies implemented by leaders in Vietnam’steel industry will determine its resilience in the face of global challenges.<\/p>\n

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\nSee some of our other products here:<\/strong><\/em>\u00a0https:\/\/dk-metalsurfacetreatment.com\/san-pham-cong-ty-tnhh-hoa-chat-d-k\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The first months of 2026 will see Vietnam’s iron and steel market enter an important transition period after a prolonged period of decline. In the context that the global economy is still facing many uncertainties, the domestic steel industry, particularly Vietnam’steel industry, is showing clear signs of recovery thanks to the push from public investment,<\/p>\n","protected":false},"author":9,"featured_media":2541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[504,500,499,283,288,289,503,301,302,303,304,495],"class_list":["post-2538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chienluocdoanhnghiepthep-en","tag-chuoicungungthep-en","tag-chuyendichnganhthep-en","tag-chuyendoixanh-en","tag-doanhnghiepthep-en","tag-dautucongnghiep-en","tag-phantichnganhthep-en","tag-thepxanh-en","tag-thepxuatkhau-en","tag-thitruongthep2026-en","tag-tintucnganhthep-en","tag-xuhuongnganhthep-en"],"_links":{"self":[{"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/posts\/2538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/comments?post=2538"}],"version-history":[{"count":5,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/posts\/2538\/revisions"}],"predecessor-version":[{"id":3213,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/posts\/2538\/revisions\/3213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/media\/2541"}],"wp:attachment":[{"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/media?parent=2538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/categories?post=2538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dkmetalsurfacetreatmentcom642.mbws.vn\/en\/wp-json\/wp\/v2\/tags?post=2538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}