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U.S initiated an anti-dumping investigation into imports of corrosion-resistant flat products (CORE) from ten countries, including Vietnam.Several major American steel manufacturers, including Steel Dynamics, Nucor Corporation and U.S. Steel, have formally petitioned the U.S. Department of Commerce (DOC) and the International Trade Commission (ITC) to launch an anti-dumping investigation into imports of corrosion-resistant flat products (CORE).These products, which include a range of steel materials used widely in construction, automotive manufacturing and other critical industries, are being imported from 10 countries at prices the petitioners allege are unfairly low. The countries identified in the petition are Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates (UAE) and Vietnam.U.S. probes CORE imports from 10 countries, including VietnamThe complainants argue that imports from these countries have caused substantial damage to the U.S. domestic industry and that the situation will worsen if no action is taken. Additionally, investments by producers in these countries to increase galvanized steel production capacity have raised concerns about the potential for increased exports to the United States.Barry T. Schneider, President and COO of Steel Dynamics, stated, "Between the first half of 2023 and the first half of 2024, CORE imports from the ten subject countries increased from less than 1.25 million tons to almost 2 million tons, a significant increase of 57%. The surge in unfair CORE imports has had a substantial negative impact on the volumes, prices and profitability of the domestic steel industry, necessitating these cases."The products in question fall under the following Harmonized Tariff Schedule of the United States (HTSUS) codes: 7210.30.0030, 7210.30.0060, 7210.41.0000, 7210.49.0030, 7210.49.0040, 7210.49.0045, 7210.49.0091, 7210.49.0095, 7210.61.0000, 7210.69.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 7212.40.1000, 7212.40.5000, 7212.50.0000, 7212.60.0000, 7225.91.0000, 7225.92.0000, 7226.99.0110, and 7226.99.0130.In July of this year, the Steel Manufacturers Association (SMA) and six other industry groups urged the House of Representatives to include the Playing Field 2.0 Act in the upcoming legislative package aimed at protecting the United States from unfair trade practices by China.The petition underscores the necessity of implementing measures to safeguard the domestic steel industry from the increasing influx of imported steel products, ensuring fairness and sustainability for U.S. steel producers.The official announcement regarding this anti-dumping investigation has not yet been released. Readers are encouraged to follow MRS Steel for the latest updates on developments in the international and Vietnamese steel markets. 

Explore the top 5 hot dipped galvanized steel wire suppliers in Vietnam, known for their high quality and meeting both domestic and international market demands.In recent years, Vietnam's steel industry has grown significantly, especially in the production of hot dipped galvanized steel wire. With increasing demand from international markets, Vietnam has become one of the leading suppliers of galvanized steel wire in Southeast Asia. Below is a list of the top 5 reputable hot dipped galvanized steel wire suppliers in Vietnam that you can consider.Discover Vietnam's top 5 hot-dipped galvanized steel wire suppliers1. Hoa Phat GroupHoa Phat Group is one of the largest steel suppliers in Vietnam, renowned for its high-quality galvanized steel wire products. In 2023, Hoa Phat exported about 11,000 tons of galvanized steel wire, accounting for 12% of Vietnam's total export market share. Hoa Phat's products are manufactured through a closed production process using advanced technology, ensuring superior quality with excellent durability, flexibility and corrosion resistance. Their products have been distributed to challenging markets such as the United States, Canada, Taiwan, Southeast Asia,...Hoa Phat Group leads Vietnam's steel exports with 11,000 tons of galvanized wire 2. DUSCO VINA Steel Manufacturing Co., LtdDUSCO VINA is a wholly foreign-invested company from South Korea, specializing in producing galvanized steel wire with an annual capacity of 11,000 tons. The company uses high-quality imported materials and advanced technology from South Korea, ensuring a closed production process and consistent quality. DUSCO VINA's products are exported to international markets such as Japan, South Korea and China, solidifying its position in the galvanized steel wire industry. DUSCO VINA strengthens its position in the galvanized steel wire industry in Vietnam3. HD SteelHD Steel has built a solid reputation in the galvanized steel wire manufacturing industry in Vietnam since 2013. In 2023, HD Steel exported over 5,000 tons of galvanized steel wire to Southeast Asia. The company focuses on technological advancements in production and has increased its capacity to 3,000 tons per month. HD Steel's galvanized steel wire products have high gloss, durability and flexibility, meeting all international standards and suitable for various applications in the construction industry.HD Steel excels in hot dipped galvanized steel wire in Vietnam for the construction industry4. Ngoc Minh SteelNgoc Minh Steel is one of the high-quality hot dipped galvanized steel wire suppliers in Vietnam. In 2023, the company exported nearly 2,700 tons of galvanized steel wire to international markets such as Laos, Cambodia, Thailand and Taiwan. Ngoc Minh's products are manufactured using advanced production lines from renowned brands such as Danieli and Tenova, ensuring a thick galvanized coating and meeting international standards like TCVN, ASTM and BS.Ngoc Minh Steel delivers excellence with 2,700 tons of galvanized steel wire exported to international markets5. MRS SteelMRS Steel is a well-known supplier of galvanized steel wire with over 12 years of experience in steel export. The company has established its position in international markets, with products exported to demanding markets such as the United States, Europe and Southeast Asia. MRS Steel is committed to delivering high-quality products that meet international standards at competitive prices. With a dedicated team of experts and a strict quality control process, MRS Steel is a reliable partner for both domestic and international customers.These are the top 5 hot dipped galvanized steel wire suppliers in Vietnam. Each supplier has its strengths in production technology and quality standards, meeting the diverse needs of both domestic and international markets. If you are looking to import hot dipped galvanized steel wire from Vietnam, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358 for more advice on the most suitable galvanized steel exporters.

Canada has imposed temporary anti-dumping duties ranging from 6.1% to 38.9% on wire rods imports from Vietnam, which are lower than those imposed on China and Egypt.Recently, the Canada Border Services Agency (CBSA) released a preliminary conclusion on its investigation into anti-dumping measures on wire rod products originating from China, Egypt and Vietnam. According to the conclusion, the temporary anti-dumping duties for Vietnamese companies range from 6.1% to 38.9%, the lowest compared to the rates imposed on Chinese companies (50.9% - 71.1%) and Egyptian companies (49.7% - 99.8%).Canada imposes lower anti-dumping duties on Vietnam wire rods importsCanada's anti-dumping investigation on steel wire rods from three countriesThe CBSA stated that the essential information used to make the decision would be published within the next 15 days and posted on their official website. During this period, the CBSA will continue its investigation and is expected to issue a final conclusion on September 4, 2024.This investigation began on March 8, 2024, to determine whether the import of wire rod products from China, Vietnam and Egypt has caused damage to the Canadian steel industry. The wire rod products under investigation fall under HS codes: 7213.91.00.42, 7213.91.00.43, 7213.91.00.49, 7213.91.00.50, 7213.91.00.60, 7213.91.00.70, 7213.99.00.11, 7213.99.00.12, 7213.99.00.31, 7213.99.00.32, 7213.99.00.51, 7213.99.00.52, 7227.20.00.20, 7227.20.00.90, 7227.90.00.60, 7227.90.00.70, 7227.90.00.81, 7227.90.00.82, 7227.90.00.83.CBSA continues steel wire rods dumping probe, final decision due September 4Final determination and impact on Vietnamese companiesOn September 4, 2024, the CBSA issued a final determination on the anti-dumping duties for the involved countries. Specifically, the duty rates for Vietnamese companies such as Hoa Phat Dung Quat Steel are 17.7% and Hoa Phat Hai Duong Steel is 13.5%. In contrast, the rates for Chinese and Egyptian companies remain significantly higher. For example, Chinese company Jiangsu Shagang faces a 34.0% duty, while other Chinese companies are subject to 46.2%. Egyptian company Suez Steel faces an 8.6% duty, while other Egyptian companies are subject to 21.3%.CBSA sets final anti-dumping rates with Vietnam lower than othersNext steps for Canada and VietnamThe Canadian International Trade Tribunal (CITT) continues to investigate whether these imports have caused significant damage to Canada's domestic industry and will issue a conclusion by October 4, 2024. If the CITT does not find any evidence of injury, the case will be dismissed.Given this situation, the Trade Remedies Authority of Vietnam recommends that exporting companies register as parties involved in the case to receive necessary information and respond within the stipulated timeframe. Businesses are also advised to closely coordinate with the trade remedies authority to receive timely support and protect their interests.According to statistics from Trademap, Vietnam's export turnover of wire rod products to Canada has increased significantly in recent years, from USD 10 million in 2020 to USD 21 million in 2021, reaching approximately USD 40 million in 2022. This growth demonstrates the competitiveness of Vietnam's steel industry while posing significant challenges in dealing with increasingly strict trade remedy measures from Canada.As Canada intensifies its monitoring and regulation of steel imports to protect its domestic market, it is expected that further investigations and anti-dumping duties will be imposed on other steel products from Vietnam in the near future. Follow MRS Steel for the latest news on the steel market in Vietnam and worldwide.

The Indian government will need to carefully consider the interests of all stakeholders before making a final decision on imposing anti-dumping duties on HRC steel imports from Vietnam.The recent anti-dumping investigation into Vietnamese HRC imports has been met with strong opposition from the Indian steel user community. They fear that the imposition of such duties could lead to higher steel prices, negatively impacting industries that depend on steel, such as automotive parts, agricultural tools,...Balancing trade protection and steel user interests in India's HRC probeAccording to Upkar Singh Ahuja, President of the Chamber of Industrial and Commercial Undertakings (CICU) in Punjab, "We do not want anti-dumping duties applied." He argues that imposing these duties would create a financial burden on SMEs, raising input costs and reducing their competitiveness. Some industrialists oppose the anti-dumping duties on Vietnamese HRC, concerned that large steel corporations in India might gain monopolistic control over the market by raising prices unreasonably.Akash Bassi, Vice President of CICU, also emphasized that anti-dumping measures could hinder free trade, create trade conflicts and disrupt supply chains. Other industry representatives, such as Honey Sethi and Rajnish Ahuja, also noted that the steel industry is currently profitable, the additional duties are unnecessary and could threaten the sustainability of SMEs.India's anti-dumping investigation into HRC imports from Vietnam is generating mixed opinions within the industry. While some large producers support the duties to protect their interests, many SMEs are concerned that this will increase production costs, reduce competitiveness and harm the local economy. The Indian government will need to carefully weigh the interests of all parties involved before making a final decision on imposing these anti-dumping duties.

On August 14, 2024, the Directorate General of Trade Remedies (DGTR) in India officially initiated an anti-dumping investigation into imported Vietnamese HRC steel.According to MRS Steel, this investigation was launched at the request of the Indian Steel Association, which represents two major steel producers: JSW Steel Limited and ArcelorMittal Nippon Steel India Limited.India launches anti-dumping investigation into Vietnamese HRC steel importsWhich Vietnamese HRC products are under investigation?The investigation targets HRC products, both alloyed and non-alloyed, not clad, not plated or coated, with a thickness of up to 25mm and a width of up to 2100mm. These products fall under HS codes 7208, 7211, 7225 and 7226. The investigation will focus on the period from January 1, 2023, to March 31, 2024, with damage assessments covering the years from 2020 to 2023.Vietnamese steel alleged to be dumpedIndian steel producers allege that Vietnamese HRC is being imported into India at "dumping prices," causing significant harm to the domestic steel industry. They argue that there are no substantial differences in the physical and chemical properties, production process, technology, functionality or usage between their products and the imported steel from Vietnam.To counter the threat of cheap imports, they have proposed the implementation of anti-dumping duties on HRC imports from Vietnam to safeguard their domestic industry.Indian steelmakers push for anti-dumping duties on Vietnamese HRC importsImpact on the global steel marketThis investigation by India could have wide-reaching implications for the global steel market, particularly for Vietnam, which is among the top 5 steel exporters to India. According to BigMint research, during the fiscal year 2023-2024, India imported 3.55 million tons of HRC and plate steel, of which 620,000 tons (nearly 20%) were from Vietnam. This figure represents a threefold increase compared to the 22,000 tons imported in the fiscal year 2022-2023.Vietnam's steel exports to India triple, facing Indian market scrutinyResponse from VietnamTo respond to this investigation, the Vietnam Trade Remedies Authority has urged domestic businesses to actively cooperate with DGTR by providing comprehensive and accurate information. Additionally, businesses are advised to proactively request relevant information from DGTR to protect their interests in the investigation.As India initiates an anti-dumping investigation into Vietnamese HRC steel, the outcome could have a profound impact on trade relations and reshape the global steel market dynamics. Vietnamese steel producers must stay vigilant, actively participate in the investigation process, and defend their interests. Stay updated on the developments of this case to understand its full implication.

Which are the reputable hot dipped galvanized steel wire manufacturers in Vietnam is certainly the question for importers when they first import galvanized steel wire from Vietnam.In the article below, MRS Steel will help you learn about the top 5 hot dipped galvanized steel wire manufacturers in Vietnam.Join MRS Steel to learn about hot dipped galvanized steel wire manufacturers in VietnamHoa Phat Group - Largest hot dipped galvanized steel wire manufacturer in VietnamHoa Phat is known as the largest hot dipped galvanized steel wire manufacturer in Vietnam. Hot dipped galvanized steel wire is one of the high quality products of Hoa Phat Group.Hoa Phat's hot dipped galvanized steel wire is produced through the process of drawing wire, heating, stamping, and rolling to produce finished products. Galvanized steel wire features a smooth or ribbed surface, with average production diameters ranging from 0.4 mm to 14 mm. The average weight of a roll of galvanized steel wire usually ranges from 200 to 459 kg/roll.In 2023, Hoa Phat Group exported more than 10,000 tons of hot-dip galvanized steel wire to countries such as Laos, Cambodia, Malaysia, Korea, Canada, etc. With high-quality products and modern production lines. Today, Hoa Phat deserves to become the largest hot dipped galvanized steel wire manufacturer in Vietnam.Hoa Phat Group - Largest hot dipped galvanized steel wire manufacturer in VietnamNgoc Minh Steel Company LimitedNgoc Minh Steel is proud to be of the largest hot dipped galvanized steel wire manufacturers in Vietnam. Currently, Ngoc Minh Steel's products are exported to many countries around the world, such as Laos, Cambodia, Thailand, Taiwan,...With production lines and modern technological equipment, Ngoc Minh Steel's products always fully meet international standards and are diverse in type. With a team of experienced personnel, Ngoc Minh Steel always tries to provide customers with quality steel products at extremely reasonable costs.Hot-dipped galvanized steel wire products of Ngoc Minh SteelDusco Vina Steel Wire Co., LtdDusco Vina is a foreign-invested company headquartered in Vietnam, located in Hai Phong. It is one of the largest hot dipped galvanized steel wire manufacturers in Vietnam, with an area of more than 30,000 m2. Currently, Dusco Vina specializes in manufacturing all kinds of steel wire to serve the Vietnamese market and export. With a modern production line and a team of skilled personnel, in 2023, Dusco Vina exported more than 6,732 tons of steel wire. This is also a Vietnamese enterprise that exports steel wire to major countries such as Korea, Japan, Russia, America,...Dusco Vina Steel millHuynh De Tu Gia Trading Production Limited CompanyEstablished in 2013, HD Steel is one of the hot dipped galvanized steel wire manufacturers in Vietnam. In 2023, HD Steel exported more than 5,299 tons. HD Steel's main export country is Cambodia. Currently, HD Steel has 2 factories located in Binh Duong province with an area of 20,000 m2 and Ben Tre province with an area of 10,000 m2.To meet the needs of domestic and export steel, HD Steel is constantly innovating and improving production methods to meet set standards.The official logo of HD SteelThien Nam Trading - Import Export Joint Stock CompanyOne of the hot dipped galvanized steel wire manufacturers in Vietnam. Thien Nam Steel, established in 2005, is a subsidiary of Thien Nam Group; this is also the main business product of the group.Currently, Thien Nam Steel is the leading hot dipped galvanized steel wire manufacturer in Vietnam, specializing in providing steel products to many different industries. Thien Nam Steel's main business products include hot-rolled steel wire, pre-stressed steel, hot dip galvanized steel wire, black steel wire,... Thien Nam Steel always focuses on product quality and competitive prices to serve the domestic and export industries and construction. Along with the development of 4.0 technology, Thien Nam's products are always committed to bringing the best value to each project and each product, maintaining quality and customer trust.Thien Nam Steel specializes in providing hot dipped galvanized steel wireThe benefits of hot dipped galvanized steel wire from manufacturers in VietnamWhen you import hot dipped galvanized steel wire manufacturers in Vietnam, you will save more money than importing from other countries. As of August 2023, Vietnam has signed 16 FTAs with many countries. Participating in trade agreements helps parties remove tariff barriers and open markets for each other's goods and services.Besides, Vietnam is one of the countries with a favorable geographical location, located in the center of Southeast Asia, which is convenient for international trade and cooperation. Vietnam has a coastline of 3,260 km and is the gateway to the seas of Laos, Cambodia, Thailand, and China. Vietnam's major seaports, such as Hai Phong, Da Nang, Ba Ria-Vung Tau, Ho Chi Minh City,... can help promote international trade, develop shipping, and boost the marine economy.The above reasons show that importing hot-dip galvanized steel wire from Vietnam brings you many benefits. Currently, MRS Steel is one of the prestigious suppliers of galvanized steel wire in Vietnam. We are committed to providing quality products at competitive prices, helping businesses ensure their benefits.MRS Steel has provided you with information about the top 5 hot dipped galvanized steel wire manufacturers in Vietnam. If you have any questions, please contact us for answers.

Galvanized steel wire suppliers in Vietnam provide the market with high quality products with diverse cross-sections, meeting all customer needs.Using standard galvanized steel wire products helps improve the lifespan and safety of the project. In this article, MRS Steel will provide detailed information about each supplier.Galvanized steel wire suppliers in Vietnam offer diverse, high-quality products for lasting projects and safetyHoa Phat GroupHoa Phat is one of the largest galvanized steel wire suppliers in Vietnam, specializing in both domestic supply and export to many fastidious markets such as Canada, Taiwan, the United States, Southeast Asia,... In 2023, Hoa Phat exported nearly 11,000 tons of galvanized steel wire, accounting for about 12% of Vietnamese galvanized steel wire export market share. Below is the galvanized steel wire specification table at Hoa Phat for your reference. However, Hoa Phat still accepts production according to customers' requests. For any consulting information, please contact MRS Steel for better support.Nominal Diameter (mm)Tensile strengthZinc Standard (ASTM A641)Class AClass 3Class 4Tolerance(mm)Zinc mass(g/m2)Tolerance (mm)Zinc mass (g/m2)Tolerance (mm)Zinc mass (g/m2)1.2450 - 600 ±0.0540 - 100±0.05214±0.053362.0450 - 60040 - 1002293362.2450 - 60040 - 1002443362.5450 - 600±0.0540 - 100±0.05244±0.053363.2450 - 60040 - 1002593363.4450 - 60040 - 1002593364.0450 - 60040 - 1002753364.2450 - 60040 - 1002753364.5450 - 60040 - 100275336Hoa Phat's galvanized steel wire specification tableHoa Phat’s galvanized steel wire stands out among galvanized steel wire suppliers in Vietnam due to its closed production process and the use of advanced blast furnace technology, ensuring the highest quality in finished steel products. Notably, the professional annealing and heat treatment processes give the wire exceptional durability, flexibility, and corrosion resistance.Hoa Phat delivers durable, corrosion-resistant galvanized steel wire globallyDUSCO VINA Steel Fiber Processing Co., LtdDUSCO VINA's total production capacity is 11,000 tons/year, including 8,000 tons of steel fiber and 3,000 tons of steel mesh. Currently, Dusco Vina is one of the leading galvanized steel wire suppliers in Vietnam, specifically:Steel fiber products: All types of steel fibers have the same production process but differ in the wet spinning stage to create products with diverse diameters, meeting all application requirements.Steel mesh products: After producing steel fibers, depending on the order, the steel fibers (diameter 0.2-0.8mm) will be woven together to form steel mesh.The raw materials are SWRM6 steel coils (diameter 5.5mm) imported directly from Korea, free of oil and dirt. The production process of galvanized steel wire at Dusco Vina goes through annealing the steel at high temperatures around 680-700 degrees Celsius to reduce hardness, increase softness and flexibility of steel fibers.DUSCO VINA supplied 11,000 tons/year of galvanized steel wireIn addition, Dusco Vina also injects nitrogen into the annealing furnace at a temperature of 500 degrees Celsius to improve the surface hardness, abrasion and oxidation resistance of steel fibers. After annealing, the steel will be cleaned with a specialized solution that helps the surface of the steel shine without losing its strength. The steel fibers continue to be passed through a hot-dip aluminum-zinc tank for plating and then naturally dried into the finished product. The entire production process is closed, ensuring that all stages are performed consistently, optimizing costs to deliver high-quality galvanized steel wire at favorable prices for customers. Dusco Vina specializes in exporting galvanized steel wire to major markets such as Japan, Korea, China,... so it further affirms that product quality meets international standards.HD SteelHD Steel ranks among top galvanized steel wire suppliers in Vietnam, established in 2013, specializing in trading and exporting construction steel such as steel coil, steel wire,... to many large markets and countries. After more than 10 years of development, HD Steel constantly improves and upgrades new products with many specifications to best meet customer needs.In 2023, HD Steel exported more than 5,000 tons of galvanized steel wire in Southeast Asia. This is also HD Steel's key product line, so it continuously invests in production technology, increasing galvanized steel wire production capacity to 3,000 tons/month. Products at HD Steel have a shiny appearance, flexibility and durability that meets TCVN standards, wire diameter from 2mm-5.3mm, suitable for making B30, B40 fence mesh, welded steel mesh,...HD Steel supplies high-quality galvanized steel wire for diverse marketsNgoc Minh SteelNgoc Minh Steel specializes in producing high quality galvanized steel wire, meeting international standards used to make mesh, B30, B40 fences, welded mesh,... In 2023, Ngoc Minh exported nearly 2,700 tons of galvanized steel wire to many countries around the world such as Laos, Cambodia, Thailand, Taiwan,... Using advanced production lines using Daniel, Tenova technology,... products have a zinc coating thickness of 40g/ m2 - 366g/m2, meets technical standards such as TCVN2053-1993, ASTM A651/A651M, BS EN 10244, BS443.Nominal Diameter(mm)Tensile Strength (Mpa)Zinc Thickness (g/m2)Full Zinc Thickness (g/m2)Tolerance(mm)Zinc mass(g/m2)Tolerance(mm)Zinc mass(g/m2)1.6 – 2.0450 - 550±0.05 40 – 70±0.05150 – 3662.0 – 2.445 – 70150 – 3662.5 – 3.045 – 80150 – 3503.0 – 4.045 - 90150 - 350Ngoc Minh's galvanized steel wire specification tableNgoc Minh Steel delivers premium galvanized steel wire globallyMRS Steel  - Vietnam's largest network of galvanized steel wire suppliersMRS Steel is a unit specializing in providing Vietnamese steel import solutions for many importers from the United States, Europe, Australia and many other countries around the world. MRS Steel has more than 12 years of experience in the field of providing galvanized steel wire for many applications such as fences, infrastructure or in agricultural and construction projects,...MRS Steel is not only one of the largest suppliers of galvanized steel wire in Vietnam but also has a network of connections with many of the most famous steel mills. This allows MRS Steel to provide customers with diverse sources of steel with quality, technical specifications, and prices according to their needs.Understanding the list of galvanized steel wire suppliers in Vietnam helps importers have an overview of the market share of this product. Hopefully the information provided by MRS Steel has helped you choose a reputable and quality import source. For any inquiries about the process of importing galvanized steel wire from Vietnam, please feel free to contact us for 24/7 support.

The situation of Vietnam's steel industry in the first 6 months of 2024 is showing positive signs when consumption output shows signs of good growth.To know more about Vietnam's steel industry, please follow the article below with MRS Steel.Vietnam's steel industry is showing positive signsBright spots from the domestic steel marketAccording to the report of the Vietnam Steel Association (VSA), in the first 6 months of 2024, finished steel production increased by 10.1% over the same period last year to 14.427 million tons. In addition, sales reached 14.274 million tons, up 14.4% over the same period in 2023. In particular, export output reached 4.216 million tons, up 8.6% over the same period in 2023.Since the beginning of the year, the steel industry has benefited greatly from increased domestic consumption due to the recovery of the real estate market. In addition, the Government is making efforts to promote disbursement and speed up the progress of key projects. This is a bright spot for the recovery of the steel industry.According to the financial report, the highest profit continues to be Hoa Phat Group Joint Stock Company when it achieved a net profit in the second quarter of 2024 of nearly 3,320 billion VND, an increase of 127% over the same period. In the first 6 months of 2024, Hoa Phat recorded a profit after tax of nearly 6,189 billion VND, nearly 3.4 times higher than the same period last year. In the first 5 months of 2024, Vietnam exported about 5.505 million tons of steel, an increase of 25.61% over the same period last year. The export value reached 4.041 billion USD, an increase of 17.19% over the same period in 2023. This is a signal reflecting the recovery of the export market in the last months of 2024 and early 2025.The domestic steel market is gradually recoveringChallenges from trade defenseCurrently, trade defense is one of the major challenges for steel manufacturing enterprises. Recently, the EU has also initiated an investigation into HRC from Vietnam. This requires enterprises to have effective calculations and business strategies, especially to comply with regulations and proactively coordinate in issues related to trade defense.In addition, at the end of July 2024, the Ministry of Industry and Trade decided to investigate and apply anti-dumping measures on some HRC steel products originating from India and China. This decision is beneficial for domestic HRC producers but disadvantageous for many businesses that depend on imported HRC sources. For example, Hoa Phat is focusing on putting the Hoa Phat Dung Quat 2 Iron and Steel Production Complex into operation with the expectation of producing 5.6 million tons of HRC steel per year, bringing Hoa Phat's total crude steel production capacity to over 14 million tons/year.MRS Steel has provided you with the latest information about the Vietnamese steel industry. Hopefully, it will help your operations in the near future. If you have a need to buy Vietnamese steel products, please contact us via this form.

Galvanized steel wire manufacturers in Vietnam have produced high quality products that meet international standards to meet demanding markets such as the United States, Europe, Japan,...In 2023, Vietnam exported more than 46,000 tons of galvanized steel wire for applications such as fences, cables, protective wires, construction materials,... In this article, MRS Steel will introduce capacity and technology of the largest Vietnamese GI wire mills.Galvanized steel wire manufacturers in Vietnam provide high quality productsHoa Phat - No. 1 galvanized steel wire manufacturers in VietnamAccording to the Worldsteel 2023 report, Hoa Phat is in the top 60 countries with the largest crude steel output globally. In Vietnam, Hoa Phat Group holds the No. 1 market share in construction steel, steel pipes and many other types of steel. Hoa Phat is also one of galvanized steel wire manufacturers in Vietnam that has successfully exported products to major markets such as Canada, the United States, Taiwan, Southeast Asia,... In 2023, total export output GI wire was about 11,000 tons, accounting for 12% of Vietnamese export market share.The top reasons why Hoa Phat's GI wire products can reach far are thanks to outstanding quality and advanced production technology. Throughout the annealing and heat treatment process, it is entirely closed with supervision from experts, ensuring the final product has the highest durability, strength, and aesthetics.Hoa Phat GI wire stands out with superior quality and advanced technology, exported worldwideDUSCO VINADUSCO VINA is one of the galvanized steel wire manufacturers in Vietnam with 100% FDI, using high quality raw materials and technology from Korea. DUSCO VINA's total production capacity is 11,000 tons /year including 8,000 tons of steel fiber and 3,000 tons of steel mesh. Dusco uses SWRM6 steel coils as input material for producing GI steel wire. Next, put it into the steel annealing line at a temperature of 600-700 degrees Celsius to increase the ductility of the steel fibers. After being hot-dip galvanized, steel wires will be dried naturally to maintain their properties and strength. Currently, Dusco has competitive prices with many other exporters supplying markets in Japan, Korea, China,... If customers want to learn about Dusco's GI wire products, please contact MRS Steel for the best support.Dusco Vina offers high quality GI steel wire with advanced Korean technology and competitive prices globallyHD SteelHD Steel is no stranger to Vietnamese galvanized steel wire importers, with over 10 years specializing in trading and exporting construction steel such as steel coils, steel wires,… In 2023, HD Steel exported more than 5,000 tons of GI in Southeast Asia. The products have high aesthetics, flexibility, durability that meet TCVN standards, suitable for applications fence B30, B40, welded mesh steel,... To receive the most detailed product catalog, customers Customers can contact MRS Steel to receive it completely free of charge.HD Steel is a trust exporter of high quality durable GI steel wire for over 10 yearsMRS Steel - Connecting the network of galvanized steel wire manufacturers in VietnamWith over 12 years of experience in exporting galvanized steel wire, MRS Steel is a strategic partner of the largest Vietnamese galvanized steel wire manufacturers. We can offer importers high-quality products at prices more competitive than domestic sources. This advantage stems from policies that promote trade between Vietnam and other countries in the region. The abundant crude steel production, ranking 12th in the world, also helps stabilize the price of raw materials in Vietnam. MRS Steel boasts a team of experts in market research, procurement and logistics to support customers through the entire import process of steel from A to Z, handling any issues that arise before, during and after the purchase.Galvanized steel wire manufacturers in Vietnam can produce according to customer requirements, suitable for all properties and characteristics of the application. Besides the suppliers mentioned, you can contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 76 911 2358 for more advice on the most suitable galvanized steel exporters.

The Vietnam steel export report for the first six months of 2024 shows an impressive recovery in the steel industry, with 6.49 million tons exported, generating nearly $4.78 billion. The U.S. accounted for the largest market share with 14.5% of total exports, followed by Italy and Cambodia. With the potential for export growth in the second half of 2024 and the 2025-2027 period, Vietnam’s steel industry is expected to continue conquering international markets, leveraging its competitive production costs and stable product quality.The Vietnamese steel industry shines globally: 6.49 million tons exported in H1 2024, with the U.S. leading the wayEconomic and social situation in June and H1 2024In June and H1 2024, the economic and social situation continued its positive trend, with many sectors achieving better results than in May and the same period in 2023. The construction sector increased by 7.34%, the highest growth compared to the same period in the years 2020-2024. However, the growth of the steel industry has not been stable, with production and sales of steel products indicating that domestic demand has not fully recovered.Steel production and sales situationJune 2024Vietnamese crude steel production reached 878,343 tons, down slightly by 0.4% m/m but up 27.4% y/y. Finished steel production reached 2.463 million tons, down 4.95% m/m but up 22.4% y/y. Construction steel, HRC, galvanized steel and steel pipes maintained high growth rates, while cold rolled coil (CRC) production decreased by 10.5%.Finished steel sales reached 2.362 million tons, down 7.53% m/m but up 9.3% y/y. Finished steel exports reached over 662,000 tons, up 10.9% m/m but down 8.9% y/y.First six months of 2024Finished steel production reached 14.427 million tons, up 10.1% y/y. Finished steel sales reached 14.274 million tons, up 14.4% y/y, with exports reaching 4.216 million tons, up 8.6% y/y.Steel import and export situationImportsVietnam imported 1.547 million tons of steel in May 2024, up 20.57% m/ and up 84.72% y/y. In the first five months of 2024, Vietnam imported 6.919 million tons of steel with a value of over $5.015 billion, up 50.21% in volume and up 27.47% in value compared to the same period in 2023.ExportsIn May 2024, Vietnam exported 1.117 million tons of steel, up slightly by 0.78% m/m but down 1.37% y/y. The export value reached more than $797 million, down 4.53% m/m and down 14.36% y/y.Top 3 largest export market share in the first 6 months of 2024In H1 2024, Vietnam exported 6.49 million tons of steel, earning nearly $4.78 billion at an average price of $735.8/ton. The U.S. was the largest market, accounting for 14.5% of total volume and 16.5% of total export value, followed by Italy and Cambodia.Export volume Vietnamese types of steel in the first 6 months of 2024Market assessment and forecast for Vietnamese steelThe Vietnamese steel market in H1 2024 has shown positive signs of recovery, with prospects for further export growth in the second half of 2024 and the 2025-2027 period. According to the WSA report, global steel demand is expected to grow slightly in 2024 and 2025, with an average annual growth rate of 2.3%. As one of the largest steel producers in Southeast Asia, Vietnam will continue to benefit from this trend. OECD Steel Market Developments also indicates that steel prices may continue to fluctuate due to changes in raw material supply and protectionist measures from major economies. However, Vietnam has the advantage of competitive production costs and stable product quality, and it will continue to be a major steel supplier to the international market.Top countries importing Vietnamese GI in the first 6 months in 2024In addition, favorable international trade and tariff policies from the U.S. and EU will also be key factors influencing Vietnam's steel exports. Starting August 1, 2024, Chinese steel exports to the U.S. are subject to a tax rate of up to 50%, while Vietnamese steel only faces a 25% tariff under Section 232, making Vietnamese steel a more optimal choice for U.S. importers.For the latest updates on the steel market and Vietnamese steel import-export situation, customers can contact MRS Steel via WhatsApp: +84 769 112 358 or Email: vanloc@mrssteel.com.vn for 24/7 support.