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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!

The SMC Trading and Investment Company has just announced its business plan for 2024. According to the plan, SMC aims to achieve a consumption output of 900,000 tons of various types of steel with an after-tax profit of 80 billion VND.In 2023, the business incurred significant lossesIn 2023, SMC Investment and Trading Joint Stock Company experienced a significant decline in business results compared to the previous year. At the beginning of the year, the company set a post-tax profit target of 150 billion VND. However, after the first nine months, the business situation did not look promising. In Q3/2023 alone, SMC achieved a consolidated net revenue of 3.141 trillion VND, a 44% decrease compared to the same period last year.Operating below cost, along with various expenses, led to SMC incurring a post-tax loss of 178 billion VND, compared to a loss of 219 billion VND in the same period. Accumulated over the first nine months of the year, SMC recorded a gross revenue of 10,574 billion VND, a 44% decrease compared to the same period in 2022. By the end of 2023, SMC reported a total loss of 586 billion VND, wiping out accumulated undistributed profits of more than 343 billion VND recorded at the beginning of the year. This resulted in an accumulated loss of 205.8 billion VND on the balance sheet as of September 30, 2023.SMC is not only facing business difficulties, but its debt recovery situation is also stagnant as real estate enterprises, lacking significant revenue sources, contribute to its substantial losses. By the end of September 2023, SMC had more than 1,300 billion VND in bad debts, of which 98% were short-term debts. The majority of these debts were from real estate companies associated with Novaland.In the context of challenging business operations, the Board of Directors of SMC has unanimously agreed on the strategy to streamline production and business activities, reduce personnel across the entire SMC system, and cut down on all arising expenses. In November 2023, the company's Board of Directors approved the transfer of the right to use 6,197 square meters of land at SMC Binh Duong-Dong An Industrial Park.Business plan for SMC in 2024The profit picture for the business in 2023 wasn't very bright. Recently, SMC Trading and Investment Company announced its business plan for 2024. Accordingly, SMC aims to achieve a consumption output of 900,000 tons of various types of steel in 2024, with an expected after-tax profit of 80 billion VND. This is considered a positive figure compared to the significant loss of 586 billion VND in the first nine months of 2023 and the accumulated undistributed loss as of September 30, 2023, which stood at 205.8 billion VND.Additionally, the Board of Directors of SMC has also approved a plan to pre-purchase the bond batch worth 200 billion VND with the code SMC 2124001, bearing a fixed interest rate of 8.2% per annum, issued in August 2021 (due in August 2024). The collateral for this bond includes 9.1 million NKG shares of Nam Kim Steel Corporation and SMC shares owned by a third party. SMC stated that the anticipated repurchase date is June 2, 2024 (6 months before maturity), after reaching an agreement with the bondholders and obtaining approval from the relevant authorities. The current bondholders in this batch are Shinhan Vietnam Limited Liability One Member Bank and Shinhan Vietnam Limited Liability Securities Company.

The steel industry in Vietnam currently comprises over 300 specialized businesses engaged in steel production and trade. If you are looking to import steel products from Vietnam, let's explore the top 10 largest steel mills in Vietnam together with MRS Steel.Hoa Phat Group Hoa Phat was established in August 1992, starting with trading in construction machines and gradually expanding to other fields such as iron and steel products,... Hoa Phat is one of the top 10 steel mills in Vietnam today, holding the No. 1 market share in construction steel and steel pipes. HPG's market capitalization reached 11 billion USD, among the top 15 steel mills with the largest capitalization in the global steel industry.In 2022, Hoa Phat will achieve a revenue of 142,000 billion VND and a profit after tax of more than 8,400 billion VND. The main contributions to Hoa Phat Group's consumption output are construction steel and HRC. Construction steel reached 4.2 million tons, an increase of 10% over the same period and contributed 59% of total steel output of all types. This is also one of the only two steel mills that can produce HRC for the Vietnamese market.Formosa Ha TinhFormosa Ha Tinh Steel is the largest foreign direct investment steel mill in Vietnam. Started construction in 2008, with a total area of more than 3,300 hectares, including a land area of more than 2,025 hectares and a water surface area of more than 1,293 hectares (Son Duong port). With a total investment cost of more than 28 billion USD, Formosa is expected to meet a capacity of 22.5 million tons per year. After completing both phases, the project opens up new development for the Vietnamese steel industry.Alongside Hoa Phat Group, Formosa is the first steel mill in Vietnam to produce HRC, a primary steel product in the steel industry.In 2022, Formosa's steel output will reach about 5.8 million tons, thereby contributing to increasing the business' revenue to over 4 billion USD. In terms of product supply, Formosa Ha Tinh Steel combines new equipment with the advanced technology of its partners while constantly improving production technology, optimizing operation management, striving to achieve high quality and low cost and improving the index between the quality and price of the products provided to avoid falling into the situation of unfair, cheap competition.VAS GroupEstablished in 1998, VAS is among the few companies that own a complete ecosystem of steel mills and seaports, with an annual total capacity of 4.35 million tons of square billets and 2.5 million tons of construction steel. The international port services system and logistics not only optimize operational costs for the corporation but also facilitate the import and export of goods. The establishment of Nghi Son International Seaport in Thanh Hoa has provided a competitive advantage in the supply chain, enabling the company to meet requirements for production volume, quality and delivery schedules.Currently, VAS's steel mills own the world's leading modern production lines from Danieli, Italy, one of the leading corporations in steel billet and rolling production, along with advanced scientific production processes. Advanced and strict according to European standards. Therefore, VAS steel products are highly appreciated for their brand and quality thanks to meeting strict standards around the world, such as Japan's JIS standards and America's ASTM standards.Hoa Sen GroupHoa Sen Group was established on August 8, 2001 specializing in the fields of: Hoa Sen Steel Sheet, Galvanized Thick Steel, Hoa Sen Zinc Pipe, Hoa Sen Plastic Pipe. High quality products of Ton Hoa Sen are widely accepted and used both domestically and internationally because of their reasonable prices, meeting a variety of needs.According to a report of the Vietnam Steel Association in 2016, Hoa Sen Group accounted for 33.1% of the corrugated iron market share and 20.3% of the steel pipe market share, leading enterprises in the production and trading of corrugated iron and steel in Vietnam. Currently, Ton Hoa Sen is still growing rapidly with 11 large factories, a system of 300 distribution and retail branches present in over 70 countries and territories around the world.Ton Dong A CorporationEstablished on November 5, 1998, under the name Dong A Co., Ltd. In 2009, the company converted from a limited liability company to a joint stock company to match the development of the current economy. This enterprise specializes in producing cold corrugated iron, zinc-coated steel, cold corrugated iron and color-coated iron, serving the construction and civil industries. After more than 20 years of establishment and development, Ton Dong A Joint Stock Company has always been committed to partners, customers, and consumers about product quality, service quality and competitive prices to meet the needs of customers. To increase investment in technology lines to improve product quality and increase product diversity and richness. Thereby affirming its position in the market and expanding export markets in Southeast Asia towards the further market.Nam Kim Group Nam Kim Steel Joint Stock Company was established on December 23, 2002. As a leading enterprise specializing in producing galvanized steel sheets in Vietnam, Nam Kim Steel is always a pioneer in investing in technology to provide products that meet the highest quality standards.Currently, galvanized steel products are the main product line of Nam Kim Steel. In addition, the company also promotes the production of steel pipes. The company always focuses on and invests all of its resources in manufacturing steel and improving the capacity of factories. After more than 20 years since its establishment and development, Nam Kim brand has gradually marked a remarkable transformation to become the 2nd leading brand in terms of market share of coated steel sheets in Vietnam.In 2022, Nam Kim Steel recorded revenue of 23,071.25 billion VND, down 18.1% compared to the previous year, and a negative profit after tax of 124.68 billion VND over the same period. Of which the gross profit margin decreased from 15.2% to 6.4%. In 2023, Nam Kim Steel sets a business plan with a total revenue of 20,000 billion VND, an increase of 13.5% compared to 2022 results, and an expected pre-tax profit of 400 billion VND.Southern Steel Sheet Co., LtdEstablished in 1995, the SSSC steel mill is a joint venture between Vietnam Steel Corporation (VSC) and Sumitomo Corporation (Japan) along with FIW STEEL SDN. BHD (Malaysia). Over nearly 30 years of development, SSSC has expanded significantly, gaining a reputable position in the production of roofing and construction materials. SSSC currently provides high-quality products in diverse sizes and types, catering to civil, industrial and various construction projects across Vietnam. The company's products meet stringent quality and safety standards, manufactured through rigorous quality control processes.With a commitment to quality and service, the SSSC steel mill has established its position in the manufacturing and supply industry of roofing materials. It's recognized as one of the reliable partners for contractors, businesses and individuals in the construction sector.TVP Steel Joint Stock Company TVP Steel Joint Stock Company stands as one of the leading steel mills in Vietnam, specializing in high-quality galvanized, color-coated roofing sheets, steel plates, steel pipes and more. TVP consistently leads in technological advancements in the market by continuously investing in cutting-edge machinery and equipment from renowned conglomerates like Tenova and Danieli. Currently, TVP's products are available in various countries and territories worldwide.For several years running, TVP steel mill has consistently affirmed its leading technological position and continuously invested to expand its market share in the steel production industry. With steadfast investments, TVP Steel is confident in reaching greater heights and becoming one of the leading steel manufacturing enterprises with top-notch technology in Southeast Asia.SMC Manufacturing Co., LtdStarting off as Building Materials Store No. 15, SMC swiftly expanded to become an investment and trading joint stock company. With over 35 years of establishment and growth, SMC steel mill commits to upholding a reputable and professional role in steel distribution, processing operations and manufacturing. By continuously refining and innovating in quality and service, SMC consistently improves to meet the diverse demands of customers and the market.SMC has imported state-of-the-art production lines with large capacities based on European technology, ensuring regular maintenance for efficient operations. All operations are conducted using automated control technology, with drives operating according to variable-frequency technology. This not only optimizes energy consumption but also ensures efficient production and the best product quality for customers.Tay Nam Steel Established between 2016 and 2022, Tay Nam Steel completely separated from Vina One to become an independent company. Tay Nam is recognized as one of the most reputable steel mills in the southern region.With the aim of supplying and promoting high-quality Vietnamese steel to the international market, Tay Nam Steel has continuously researched and focused on producing key products, including galvanized steel, cold-rolled steel, steel pipes, and various other construction materials. The Tay Nam steel mill has also prioritized investments in advanced, modern technologies, employing a team of highly skilled experts with rich experience. All of Tay Nam's steel products meet international standards while maintaining reasonable prices and ensuring top-quality service.Currently, Tay Nam's products are available in over 47 countries and territories worldwide. They are expanding their export market to promising regions like the Middle East, South Asia, the United States, Europe, and other potential markets. Here is a list of the predicted top 10 steel mills in Vietnam for 2024. If you're interested in purchasing steel products from these mills, please contact us HERE.

According to the World Steel Association, Vietnam ranked 13th globally with a crude steel output of 23 million tons in 2021. A significant contributor to this achievement was the SMC Trading Investment Joint Stock Company with a consumption of 1.29 million tons per year. Below, MRS Steel will provide a detailed introduction to SMC, enabling importers to better understand the diversity and quality of Vietnamese steel.1. General Information about SMCSMC originally started as Building Material Store No. 15, established in 1988. It quickly grew, became public and transformed into the Trading Investment Joint Stock Company. SMC is a strategic steel manufacturer and distributor in Vietnam with a market share of about 6% nationally and approximately 15% in the Southern Vietnam region.In 2021, SMC aggressively invested and initiated several long-term projects for the 2021-2025 period, such as:Completing and operating two production lines at the Sendo factory, increasing the overall steel pipe production capacity to 250,000 tons/year, meeting strict standards from global import markets.Finalizing and operating 1 rust-removal line and 1 acid waste treatment line to optimize production costs and improve manufacturing efficiency.Undertaking the SMC Phu My project with a total area of 9.7 hectares and an investment of up to 1,000 billion VND. This promises to become Vietnam's largest steel production center with a design capacity of 300,000 tons of steel and 10 million products annually.SMC exported 159,889 tons in 2021, accounting for 12.4% of the total steel consumption of the entire group. Their primary export markets include Southeast Asia, Europe, the USA, with products such as HRC, CRC, galvanized steel, secondary steel.2. List of Activities of SMCSMC's main business activities encompass manufacturing, processing, distribution, and import-export of various steel products, construction materials, interior decoration, construction equipment, mechanics, and steel structures. Currently, SMC Trading Investment Joint Stock Company focuses on product quantity and quality enhancement from subsidiaries such as:SMC Steel CO., LTD: CRC, HRC, GI/GL, PPGI/PPGL, stainless steel sheets, section steels,...SMC Steel Mechanical One Member CO., LTD: HRC, secondary products, galvanized steel sheets.SMC Tan Tao One Member CO., LTD: HRC, hot-rolled sheets, secondary HRC, high tensile steels,...Sendo Steel Pipe Joint Venture CO., LTD: black steel pipe and galvanized steel pipes of all kinds.3. Scale and Production Technology of SMCSMC's coil center system has a processing capacity of up to 500,000 tons/year, equipped with infrastructure, machinery and production lines imported from Korea, Taiwan, China following European technology. Scientific management methods comply with ISO 9001:2000 standards, specializing in precision steel sheet cutting services. The colored zinc-plating steel sheet mills at SMC Steel Mechanical, with a production chain from HRC bleaching, cold rolling to zinc galvanizing, have a design capacity of 350,000 tons/year.All SMC's processing and manufacturing plants are located in designated heavy industrial areas, ensuring no impact on human life and nature.Regarding energy consumption, SMC has imported advanced, high-capacity production lines based on European technology and regularly maintains them to ensure efficient operations. The entire group operates on automatic control technology with a transmission engine functioning on inverter technology, not only optimizing energy consumption but also ensuring efficient production and the best quality products for customers.4. MRS Steel - Sourcing and Importing Various Kinds of SMC SteelWith impressive achievements like being in the top 13 countries with the largest crude steel production in 2021 and joining the group of countries exporting steel with a turnover over 10 billion USD, Vietnam is enhancing its position on the global steel map. This also opens opportunities for steel importers to access affordable, quality sources.However, to approach a completely new market with complex policies and regulations, importers should choose an intermediary to optimize time, costs and human resources. MRS Steel specializes in sourcing and steel export services to numerous countries globally. MRS Steel's partners come from major markets such as the US, UK, Japan, Italy,... ensuring reliable procedures and quality.SMC is one of Vietnam's largest steel brands and a long-term partner of MRS Steel, offering attractive sales policies and benefits. If you are interested in importing various types of steel from SMC or understanding the Vietnamese steel market, please contact MRS Steel via Whatsapp at +84 76 911 2358 for detailed consultation.