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Vietnam's steel industry has made remarkable developments in both production scale and technological lines. Vietnam steel quality has gradually reached important markets such as Europe and America. Today MRS Steel will make an overview of Vietnam quality steel as well as learn about breakthroughs in the country's steel production technology.Vietnam steel quality based on breakthroughs in steel refining technologyPreviously in Vietnam, most steel was produced through electric arc furnace (EAF) technology, but the EAF method was assessed to cause high electricity consumption. In addition, input materials such as iron ore or scrap steel contain too many impurities, which has generated more dust and large slag in the production process, reducing the furnace's life span and affecting the quality of the output steel.In the period from 2010 to 2020, many domestic steel enterprises have installed blast furnaces with large capacity, specifically Hoa Phat has operated 2 blast furnaces with the capacity is 1,350 m3, Formosa Ha Tinh has installed blast furnace No. 1 with a capacity of 4,350m3 and blast furnace No.2 with a capacity of 4,350m3. The improvement of furnace capacity has helped manufacturers minimize dust emissions, eliminate harmful impurities and reuse energy through coal gas recovery to produce thermal energy for the furnace.In addition, the large manufacturers such as Hoa Phat, Formosa or VN Steel,... have installed the technology of basic oxygen furnace (BOF) or the LD converter into manufacturing activities. In particular, the technology of BOF has a significant effect in burning all impurities in liquid iron and the steel scrap. Specifically, Hoa Phat's output steel has the percentages of impurities (Cu, Ni, Cr). ) is very low when less than 0.03% and this figure is lower than the standards of many countries in the world. Based on an extremely low impurity rate, the output steel product will achieve purity and consensus in quality, the steel will have good bending properties, combined with toughness and high yield strength will improve the sustainability of construction.Continuous investment in steel production linesDuring the past 10 years, the domestic steel manufacturers have continuously invested in steel refining technology as well as improved modern techniques in production lines in order to bring more Vietnam steel quality to the abroad markets. Currently, most steel producers in Vietnam such as Hoa Phat, Hoa Sen, Ton Dong A, Nghi Son, ... all use the most advanced steel production lines in the world such as Danieli - Tenova from Italy,  SMS from Germany,...Most of the galvanizing or color coating lines in Vietnam are equipped with gas recovery systems to help manufacturers save energy. Another highlight of these technologies from Europe is low operating costs as well as high flexibility when it can be applied to many types of steel products as well as can accept many different coating materials.For example, the CM4 color coating line of Ton Dong A is equipped with an RTO gas recovery system to help protect the environment or Hoa Sen Group's galvanizing line is equipped with an electric annealing furnace to help reduce waste of gas emissions from the factory. In addition, the color coating lines are also equipped with NOF annealing furnace technology to help the galvanized layers adhere to the steel better, assisting manufacturers to control the exact thickness of the layers, optimally treating temperature of flatness and gloss of the finished product.International standards for output productsCurrently, Vietnam steel quality products have reached many countries around the world including large markets such as Europe, America, Australia, etc. The equipping of advanced production lines has helped domestic steel manufacturers qualify to produce quality steel grades in terms of size, weight, ductility, and bearing capacity. Before being exported, steel products are fully certified standards including JIS of Japan, ASTM of America, BN of UK, AS of Australia.Besides, the quality management system standards at factories are also an important factor to evaluate the quality of output products. Most of the domestic steel factories come from corporations such as Hoa Phat, Hoa Sen, Ton Nam Kim, Ton Dong A, Vn Steel,... all obtained the certification of the latest standard ISO 9001:2015, which partly shows the production capacity and resources of the enterprise.Finding the reputable supplier of Vietnam steel qualityVietnam's steel industry in recent years has made amazing changes as it has gradually become self-production with a wide range of steel products. Increasing steel quality and diversified product supply have attracted many international importers to choose Vietnamese steel for construction projects.Since its establishment, MRS Steel has always positioned itself as an enterprise providing steel solutions for importers in order to save cost and time to partners. Based on extensive experience in the steel industry, MRS Steel has made relationships with many major domestic steel manufacturers such as Hoa Phat, Hoa Sen, Ton Dong A, Ton Nam Kim, etc. All steel products that we provide have a clear origin from manufacturers, fully meeting the strict standards from durability, coating thickness to the aesthetics.MRS Steel always shows transparency in contract exchanges, certification documents and clarity in prices, thereby helping importers understand clearly about the trading process as well as owning a good quality steel source for your project. If you are in need of a price list and a full size table of Vietnamese steel grades, please contact us through the information below!

Galvanized steel has high corrosion resistance in the natural environment, so it is widely used in the construction and civil industry. Importing Vietnamese galvanized steel helps customers benefit from low cost and quality products. In this article, MRS Steel will list the top 4 largest GI manufacturing companies in Vietnam for you to be a reliable source.1. Hoa Sen GroupOvercoming the effects of the Covid-19 epidemic, Hoa Sen Group is still on growth track and maintains its leading position in the Vietnamese coated steel market with 34% market share.Besides the strategies to promote the development of the domestic market, HSG also continuously creates new breakthroughs in the export of galvanized steel sheets.According to the report of the Vietnam Steel Association (VSA) 2022, Vietnam's galvanized steel sheet exports reached 2.1 million tons and Hoa Sen still maintained the No. 1 position in the market with nearly 35% market share. In 2018, Hoa Sen's galvanized sheet export was at 639,000 tons, accounting for nearly 37% of the total export volume of galvanized steel in the whole industry. On average, the group exports about 50,000 - 60,000 tons/month to more than 75 countries and territories around the world, especially fastidious markets that require strict standards like the US, the Europe, Middle East,…As a leading steel and sheet exporter in Southeast Asia, Hoa Sen Group is operating 11 large factories that are invested with the world's most modern equipment and technology. Gimeco - Italy's fully automatic production line system includes 6 black steel pipe rolling lines, 1 slitting line, 1 hot-dip galvanizing line with a designed capacity of 85,000 tons/year.HSG's galvanized steel products are manufactured on advanced, environmentally friendly NOF technology lines and meet the most stringent requirements such as Japanese standards JIS G3302, ASTM A653/A653M (USA) , AS 1397 (Australia), EN 10346 (Europe), MS 2384, MS 2385 (Malaysia), SNI 07-2053 (Indonesia). Currently, Hoa Sen's NOF galvanized steel production line has a total capacity of more than 2,200 tons/year.2. Ton Dong ATon Dong A’s development orientation is a manufacturer of quality GI, GL, PPGI/PPGL both in the domestic and export markets. Ton Dong A currently has 4 Continuous Hot-Dip Galvalume/Galvanize Coating lines integrated with environmentally harmless NOF high-tech equipment. This is a technology of surface cleaning and mechanical treatment according to the requirements of the input materials before being put into galvanizing. The NOF annealing furnace is fully automatic controlled to optimize the heat treatment process, resulting in the highest quality finished products.The coating surface of the product is optimally controlled thanks to Danieli Kohler air knife. The device from Italy has the effect of optimizing aerodynamics with baffle at two edges, ensures the most perfect barrier at the edges and achieves a consistent spangles.Besides, Ton Dong A's galvanized line has a full range of oil-coated, Antifinger, Chrom-Mat equipments according to OIL TECH electrostatic technology.The coating tweight gauge is installed immediately behind the cooling tower with high accuracy, allowing stable measurements at all levels without contact with the steel sheet. With the tension leveller imported directly from the Italian Danieli latest version including 2 bending, 1 C-roll cluster and 1 L-roll, handling all deformation problems such as Wavy Edge, Center Buckle, Camber. Galvanized steel products from Ton Dong A meet Japanese standards JS G3302, ASTM A653, Australian standards AS1397, European standards BS EN 103463. Ton Nam KimTon Nam Kim is one of the leading enterprises specializing in the production of galvanized steel products in Vietnam, pioneering the application of technology investment in the processing process. Currently, Ton Nam Kim's galvanized steel has been exported to more than 50 countries and regions around the world.Ton Nam Kim invests in the most advanced technological equipment in the steel industry such as SMS (Federal Republic of Germany), Drever (Belgium) and input materials from famous brands such as Nippon Steel, Hyundai Steel, CSC,... All finished products are subjected to severe quality control processes, achieved international standards such as JIS, AS, ASTM, EN, ISO 9001 and ISO 14001.NKG is putting into operation 5 metallic coating lines with NOF (NON-Oxidizing Furnaces) technology – the most modern furnace used for the galvanizing process. The lines are manufactured by SMS Group, integrated advanced technologies in the industry such as EMG, Drever, Ajax,... The coating pans which use ceramic technology and faradaic induction heating technology allow heating equally 2 sides of the steel sheets anh therefore be able to produce better product quality and higher aesthetics.4. Hoa Phat GroupHoa Phat's coated sheet was first introduced to the market in April 2018 with key product lines such as Color coated sheet, Premium sheet, Galvanized steel, Panel sheet, Anti-fingerprint coated … Hoa Phat is invested synchronously and modernly from push/pull pickling line with designed capacity of 600,000 tons/year, 2 reversing cold rolling mill with a capacity of 200,000 tons/year/line and 2 galvanizing/continuous galvalume lines with a design capacity of 150,000 - 350,000 tons/year/line.Besides, Hoa Phat is the first and only manufacturer in Vietnam to be self-sufficient in hot rolled coil (HRC) raw materials to help the mills control quality from input to output. In addition, with 100% Vietnamese product origin, Hoa Phat's galvanized steel is easily exported to major markets, with strict requirements on origin.Above is information about the production capacity of top GI manufacturing companies in Vietnam. If customers want to quote and order GI of Vietnam, please contact MRS Steel via Whatsapp: +84 76 911 2358

Nam Kim's business activities are expected to benefit directly when steel demand in a series of key export markets is forecast to grow strongly in 2024.1. Nam Kim steel exports will grow strongly by the end of 2023According to the latest report of the World Steel Association, global steel demand in 2023 is estimated to increase by 1.8% compared to 2022, a positive improvement compared to the decrease of 3.3% in 2022. In 2024, global steel demand is expected to continue to increase by 1.9%, reaching 1.84 billion tons with main export markets from the European Union (up 5.8% compared to 2023), India (up 7.7%) and the ASEAN region (up 5.2% compared to 2023).This creates favorable conditions for several Vietnamese steel enterprises, especially Nam Kim Steel Joint Stock Company. NKG is one of the largest steel export brands in Vietnam with strength in galvanized steel products. More than 60% of the group's consumption comes from key markets such as the EU, ASEAN and Australia.Besides, Nam Kim Steel is enjoying the lowest anti-dumping duty rate in many Vietnamese steel import markets such as Canada, Mexico, Australia and Malaysia.Latest data shows that Nam Kim Steel's main export markets are all in the group with a positive recovery in steel output in the first 10 months of 2023 like the EU region (up 86.2% over the same period in 2022) and Australia (up 9.1%).Regarding future development orientation, Nam Kim Steel is focusing on exploiting the EU, Australia, ASEAN markets, then the US due to barriers of tax rates of up to 25% as well as high Vietnam-US freight rates.Currently, Nam Kim Steel is in the top 3 enterprises with the largest market share in Vietnam (accounting for 17.3%). Notably, for steel pipe products, Nam Kim Steel is experiencing continuous market share growth in recent years. In 2022, NKG's steel pipe consumption growth rate was 3 times higher than the growth rate of the entire industry, accounting for 7.4% of the entire market share.2. Vietnamese steel benefits from the gradual recovery of steel pricesThe business activities of Nam Kim in particular and steel businesses in general will continue to benefit from the recovery in domestic steel prices. After 19 consecutive price reductions in the first 9 months of 2023, steel prices of all types in Vietnam have begun to recover with 3 consecutive price increases since the end of November 2023. The Vietnam Steel Association (VSA) predicts that domestic steel prices may increase slightly in the near future with a range of 100,000 - 150,000 VND/ton.The reason for the increase in domestic steel prices comes from the increase in input costs (iron ore, electricity, steel scrap,...) along with a clear increase in world steel prices. Hot rolled steel prices in the US and EU from the beginning of October 2023 have increased by 1,146 USD/ton and 727 USD/ton, respectively. World construction steel prices also increased dramatically in early November 2023 when they surpassed 3,800 CNY/ton.Global steel prices increased mainly due to limited steel supply and prolonged delivery times due to the impact of military and political conflicts. At the same time, a series of steel furnaces in the EU temporarily stopped operating for maintenance while steel demand is still increasing. In addition, the Chinese government also promotes recovery of the real estate market, boosting demand for steel in the near future.

On December 4th, the member fund KITMC Worldwide Vietnam RSP Balanced Fund under Kim Vietnam Fund Management purchased 1 million shares of Nam Kim Steel Joint Stock Company. As a result, the fund group's ownership increased to 13.7 million shares, equivalent to 5.2% of the capital, becoming a major shareholder of NKG, accounting for 1.52% of the capital.The transaction took place on December 4th and based on the closing price of December 4th, the share volume is valued at around 24 billion VND. As of now, Nam Kim Steel has four major shareholders: Chairman of the Board, Mr. Ho Minh Quang (14.2% of capital), Unicoh Specialty Chemicals (5.03% of capital), SMC Trading Investment Joint Stock Company (5% of capital), and the Kim Vietnam Fund Management group.According to information from DSC Securities, Nam Kim Steel has planned to expand into a higher-grade galvanized steel segment through its new project, the Nam Kim Phu My plant in the My Xuan B1-Dai Duong Industrial Zone (Ba Ria-Vung Tau). This plant is expected to have an annual capacity of 1.2 million tons and a total investment capital of 4,500 billion VND.At present, Nam Kim Steel operates three plants with a combined designed capacity of 1 million tons per year, specializing in producing cold-rolled steel, color-coated steel, galvanized steel and steel pipes. Upon completion of the new plant, the overall capacity of the entire system will more than double to reach 2.2 million tons per year.The construction of the new plant will commence in 2024 and span across three phases (each producing 400,000 tons) until the end of 2026. The new product will be galvanized steel used in household electrical appliances, requiring higher manufacturing technology than Nam Kim Steel’s current galvanized steel products, primarily used in construction.DSC believes this project will contribute to enhancing Nam Kim's competitiveness and revenue in the future by leveraging the advantage of low steel production costs domestically, thereby stabilizing profit margins.According to the business operations, Nam Kim Steel reported a revenue of 4,262.06 billion VND, a decrease of 3.7% compared to the same period. However, the after-tax profit recorded a gain of 23.66 billion VND compared to a loss of 418.69 billion VND in the same period, marking an increase of 442.35 billion VND. Notably, the gross profit margin shifted from a negative 3.6% to a positive 4.8%.Over the first nine months of 2023, Nam Kim Steel recorded a revenue of 14,136.76 billion VND, marking a 24.7% decrease compared to the same period, while the after-tax profit amounted to 109.74 billion VND, showing a 62.1% decrease from the corresponding period.It's known that in 2023, Nam Kim Steel set its business plan with a total revenue target of 20,000 billion VND, a 13.5% increase compared to the same period, and an estimated pre-tax profit of 400 billion VND compared to a loss of 106.91 billion VND in the same period, amounting to an additional 506.91 billion VND. Therefore, by the end of the first nine months of 2023, with a pre-tax profit of 146.97 billion VND, Nam Kim Steel had achieved 36.7% of the annual profit plan.