Blog

Vietnam's steel market is considered a new bright spot in the outlook of the global steel industry by the many factories with large annual capacity operating advanced technical lines. This post today will list the top 5 Vietnam A class steel factories in 2024.Hoa Sen GroupOwning more than 11 large-capacity steel mills across the country, Hoa Sen is currently leading the coated steel sheet segment in Vietnam with an output accounting for more than 35% of the coated steel market share in 2021. The machines at the factory are invested with a push pull pickling line with a capacity of 1.9 million tons/year, NOF lines to help clean the surfaces of corrugated iron with a total capacity of more than 2.2 million tons/year. In addition, the cold rolling mill is designed according to German Esmech technology with an annual capacity of more than 1.6 million tons.Besides the main product segment of galvanized steel sheet, Hoa Sen also promotes the steel pipes and zinc pipes segmentations. During the past years, the group has established 6 factories specializing in manufacturing steel pipes with a total capacity of more than 1.2 million tons/year. Hoa Sen's steel pipe market share has maintained the 2nd position for many consecutive years in the fierce increasing steel production race in Vietnam.All output steel products at Hoa Sen factories currently meet strict international standards including JIS of Japan, ASTM of USA, AS of Australia, BS of UK and EN standards of Europe. The diverse types of products and optimal quality standards in each steel output have helped Hoa Sen reach many major markets around the world.Hoa Phat Steel Factory - the leading complex Vietnam A Class steel factories Hoa Phat Steel Group was established in 1992 and with more than 30 years of operation, the group has gradually dominated the Vietnam steel market by continuously maintaining the No. 1 in construction steel market share . Currently, Hoa Phat is operating 3 factory complexes including the Hai Duong iron and steel factory complex, the Dung Quat iron and steel factory complex, and the Hung Yen steel mill.The Hai Duong iron and steel factory complex since being put into operation has provided a capacity of 2.5 million tons of steel per year including billets and bars. In addition, Hoa Phat steel pipe, which is one of the key products of the group, with a capacity of 1 million tons/year, has helped Hoa Phat maintain its dominant position in the steel pipe market in recent years. Moreover, Hoa Phat Group started to supply galvanized steel sheet products to the market every year since 2018, after only 5 years of experience in producing galvanized steel, Hoa Phat has quickly built a production line system with a capacity of reaching 400,000 tons/year.The year 2020 has marked an important milestone for Hoa Phat when the group has added a new product that is producing HRC (hot rolled coil). The whole equipment of HRC factory is designed according to modern technology of Danieli Group from Italy, including many continuous equipment clusters from smelting - billets casting  - flat rolling. The total capacity is designed to reach 3 million tons of HRC/year, Hoa Phat's HRC product promises to bring new breakthroughs to help the domestic steel industry be more proactive in finding the input raw materials and limiting imports from abroad.Ton Nam Kim steel manufacturers Ton Nam Kim tith the beginning as a company specializing in manufacturing galvanized steel products, the company has always pioneered and applied the most modern steel production technologies to the line. During years of experience in the steel section, they became the second position in galvanized steel market share. Currently, Nam Kim owns 2 coating steel mills with a total capacity of up to 1 million tons/year. In addition, Nam Kim also invested in the field of steel pipes when operating 2 steel pipe factories with a total capacity of more than 270,000 tons/year.The whole Ton Nam Kim factory uses modern steel production technology from Europe such as SMS technology from Germany and Drever from Belgium. The input materials here are imported directly from quality steel grades from Nippol Steel (Japan), Hyundai Steel (Korea) and CSC (Taiwan). The company pays attention to product quality control, all steel products must go through the close examination stages before being put on the market. The output products at the factory fully meet the international standards of JIS, ASTM, BN and AS.Since its establishment, Nam Kim has officially managed a series of advanced production lines such as a pickling line equipped with an acid regeneration system with a capacity of 900,000 tons/year. Ton Nam Kim also owns the first cold rolling mill with 2 stands and the first 6 cold rolling mills in Vietnam to help increase capacity by twice. Currently the total capacity of the cold rolling mills at the factory reaches 900,000 tons/year.Ton Dong A Corporation - one of the top Vietnam A class steel factoriesTon Dong A Corporation with the main field is trading and manufacturing galvanized steel products such as galvanized steel, galvalume steel and prepainted galvanized/galvalume steel. With the goal of becoming one of the top Vietnam A class steel factories, the group has continuously invested in equipment and production lines throughout its operation.Ton Dong A currently owns 2 steel factories including 4 galvalume production lines with NOF technology, 1 pre-painted galvanized line, 1 pickling line and 2 cold rolling mills. The lines at the factory are designed by steel production technology including Danieli (Italy) and Fata Hunter (USA).The company aims to produce high-quality galvanized/galvalume products, the input materials at the factories are always carefully checked and sourced from quality suppliers such as JFE, Kobe, Nippon (Japan), Posco (Korea) and Baosteel (China). The total capacity of galvanized steel products at Ton Dong A's factories is more than 1 million tons per year, which has helped them to distribute the network of products spreading from ASEAN regions to large markets such as Europe, America, Australia and Japan.Southern Steel Sheet Company Limited (SSSC)Southern Steel Sheet Company Limited is a joint venture between Vietnam Steel Corporation, Sumitomo Corporation (Japan) and FIW STEEL SDN BHD Company (Malaysia). Possessing 30 years of establishment and operation, SSSC is currently the one of the leading suppliers of galvanized/galvalume steel and pre-painted galvanized/galvalume in Vietnam.Up to now, the company has owned 2 factories including 2 galvanizing lines and 3 color coating lines, of which galvanizing line with capacity of 250,000 tons/year and color coating line with total production volume of more than 320,000 tons/year. The production lines at the SSSC factory applied the most advanced technology in the world such as Tenova of Italy. The output steel products at the factory always meet strict standards such as JIS G3321 and JIS G3312 of Japan, ASTM A653/A653M of the US.These steel factories not only bring quality product grades to the market every year, but also they generate jobs for thousands of workers, contributing certain values to the development of the community economy. Through the above article, MRS Steel hopes that you will have a more overview of the top Vietnam A class steel factories in 2024 to make you better understand the steel market here! 

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.

In Vietnam, Hoa Phat is considered one of the largest enterprises in the steel industry. With the strength of steel production capacity and export to countries around the world, Hoa Phat aims at being in the top 50 largest steel-producing companies in the world with a turnover of over 100,000 billion VND/year, creating value for the Vietnamese economy in general.1. Hoa Phat Group OverviewEstablished in 1992, Hoa Phat belongs to the first group of private companies established after the Vietnam Enterprise Law was promulgated. Currently, the group has a production scale with dozens of factories and a product distribution network stretching across Vietnam.1.1. Company History- In 1992: Established Hoa Phat Equipment & Parts Co., Ltd. - The first company bearing the brand name Hoa Phat- 1995: Established Hoa Phat Furniture Joint Stock Company- 1996: Established Hoa Phat Steel Pipe Co., Ltd- 2000: Established Hoa Phat Steel Joint Stock Company- 7/2001: Established Hoa Phat Refrigeration Co., Ltd- 9/2001: Established Hoa Phat Urban Development and Construction Joint Stock Company.- 2004: Established Hoa Phat Trading Co., Ltd- 1/2007: Restructured according to the group model, with the parent company being Hoa Phat Group Joint Stock Company and its member companies.- 8/2007: Established Hoa Phat Steel Joint Stock Company- 15/10/2007: Listing stocks with code HPG on Vietnam stock market.- 6/2009: Hoa Phat Energy Joint Stock Company became a member company- 12/2009: Hoa Phat Iron and Steel Complex completed investment stage 1- 6/2010: Golden Gain Vietnam Joint Stock Company became a member company- 8/2012: Hoa Phat celebrated 20 years of establishment and development, received the Third Class Labor Medal from the President- 10/2013: Hoa Phat Iron and Steel Complex completed investment stage 2- 9/2014: Deploying stage 3 of the Iron and Steel Complex with a capacity of 750,000 tons- 9/3/2015: Hoa Phat officially launched Hoa Phat Trading and Feed Production One Member Company Limited, marking a new development in the Group's history when investing in agriculture.- 6/7/2015: Hoa Phat Mineral Joint Stock Company officially changed its name to Hoa Phat Livestock Development Joint Stock Company.- 7/2015: Established Hoa Phat Dong Nai Animal Feed One Member Company Limited - - 1/2016: Established Hoa Phat Quang Binh Livestock Co., Ltd.- 2/2016: Established Hoa Phat Agriculture Development Joint Stock Company, the 18th member company of the Group- 4/2016: Established Hoa Phat Steel Co., Ltd., started to implement the project of color coated steel sheet, galvanized steel sheet, cold galvanized steel sheet of all kinds.- 2/2017: Established Hoa Phat Dung Quat Steel Company- 8/2017: Hoa Phat Group officially celebrates 25 years of construction and development- 2018: Supplying high quality color coated steel sheet to the market and for the first time, the consumption volume of Construction Steel reached a record of 250,000 tons.- In 2019: Run phase 1, In 2020 run phase 2 of Dung Quat project- 12/2020: Starting to supply commercial HRC hot rolled coil products to the market. The product helps to optimize Hoa Phat steel ecosystem.- 12/2020: Restructured the operating model with 4 corporations under Hoa Phat Group including: Iron and Steel Corporation, Steel Products Corporation, Real Estate Corporation, Corporation Agriculture.- 9/2021: The Group decided to establish Hoa Phat Household Appliances Corporation with the following fields of activity: Investment, production and sales of electrical appliances - household appliances.1.2. List of Hoa Phat steel productsBy 2022, Hoa Phat's steel product portfolio includes:- Construction steel: Billet, coil, bar, hot rolled coil, special steel and related products.- Steel pipes: Black steel pipes, hot-dip galvanized steel pipes, galvanized steel pipes, large steel pipes, galvanized steel coils and other industrial steels.- Steel sheet: Rust-cleaned and oil-coated corrugated iron, cold rolled corrugated iron, galvanized corrugated iron, color coated galvanized corrugated iron, galvanized aluminum coil and color coated zinc aluminum.- Metal fabrication: Drawn steel, flanged prestressed steel, high quality coke for metallurgy and thermal power, manufacturing equipment.2. Hoa Phat's production capacity2020-2021 is a period of global economic crisis when the world faces difficulties and impacts from the Covid-19 pandemic. However, Hoa Phat has always recorded growth in output and market share of construction steel. In 2020, the production capacity of finished construction steel reached more than 3.4 million tons, up 22.5% over the same period last year, accounting for 33% of Vietnam's market share.Through 2021, Hoa Phat has established and continuously maintained its No. 1 position in the steel pipe market for 20 years with a production output of 920 thousand tons, accounting for 30-32% of the domestic market share. Hoa Phat color coated corrugated iron products were first introduced to the market in April 2018 and were quickly received and supported by the domestic and international markets because of their optimal quality and price. Up to now, Hoa Phat Group has been distributed in many countries and territories around the world. Sales volume in 2019 increased by 5 times compared to 2018. In 2020, Hoa Phat's color coated steel sheet continues to grow by nearly 150% over the same period. In September 2021, Ton Hoa Phat recorded consumption of 273,000 tons, 2.6 times higher than the same period in the year before.In 2017, Hoa Phat Group completed and put into operation Stage 1 - Hoa Phat Hung Yen mechanical manufacturing and Steel wire drawing factory with total area for rent up to 600ha, capacity to about 40,000 tons/year, contributing to completely replacing imported steel wire. In 2018, Hoa Phat invested in Stage 2 with equivalent capacity.Also in 2018, Hoa Phat continued to build a flange manufacturing factory for pre-stressed concrete piles located in Binh Duong. At the same time, another project to be promoted is Vietnam's first high-quality prestressed steel mill in Dung Quat Economic Zone, Quang Ngai with three main product lines: prestressed steel bars force (PC bar), prestressed steel cable (PC Strand) and prestressed steel wire (PC Wire). These products have many applications in large-scale infrastructure construction such as towers, viaducts, oversea bridges, skyscrapers, cable cars. Although newly launched in the market, the sale volume of wire-drawn, wire-plated and pre-stressed steel bars (PC Bar) in 2020 was very positive, reaching about 100,000 tons, doubling compared to 2019.Hoa Phat Group continued to expand its business strategy when investing in hot rolled coil (HRC) with a capacity of 3 million tons/year. Right at that moment, the number of domestic and international orders in the first quarter of 2021 exceeded 300% of Hoa Phat's production capacity. Hoa Phat Dung Quat Iron and Steel Production Complex in 2020 reached nearly 700,000 tons. The Group set a target of HRC output in 2021 of 2.7 million tons to meet the needs of steel pipe, galvanized steel and other mechanical engineering industries.Currently, Hoa Phat has developed two advanced iron and steel production complexes, Hai Duong and Dung Quat, and a steel-rolling complex in Hung Yen. Hoa Phat's total crude steel production outputs by 2020 reached 5.8 million, double that of the same period in 2019. From a steel billet mill using 300,000 tons/year electric furnace technology, Hoa Phat has improved its capacity production of crude steel up to 8 million tons/year in early 2021.3. Hoa Phat's export capacityHoa Phat made its first mark in history when exporting construction steel and billet reached nearly 2.3 million tons. In which, color coated corrugated iron products exported to the US market achieved the largest proportion of Hoa Phat's exports in 2021 with 1,622,118 tons of steel, equivalent to 45.78% of revenue; steel billet exports to China reached 786.317 tons of steel, equivalent to 22.19% of revenue; In addition, they have exported many rebar products, hot rolled coils,... to many other fastidious markets such as the United States, Canada, the EU, ASEAN,...Since 2020, thanks to the operation of Hoa Phat Dung Quat Iron and Steel Complex, the Group has made many breakthroughs and developments. Hoa Phat's steel production capacity from 300,000 tons/year in 2001 increased 28 times in 2021 with 8.5 million tons in the first quarter of 2021. The volume of exported finished steel products exceeds 1 million tons in 2021, 2 times higher than 2020. Hoa Phat's construction steel market share remains firmly at the top with 32.6%, helping Hoa Phat rise to become a leading manufacturing enterprise in Vietnam and Southeast Asia, equivalent to the top 50 largest crude steel producers globally (according to World Steel 2021).4. Hoa Phat's development orientation to 2025Hoa Phat Dung Quat Iron and Steel Complex Stage 2 started construction in May 2022, is expected to be completed and put into operation in 2024 with a total capacity of up to 5.6 million tons/year, total investment 85,000 billion VND. Basically, the project is over 70% completed with a system of mills:Iron and steel smelting plants, sintering plant and ore production factory, iron ore processing and lime production plants;Repair of electromechanical plantsSteel milling factoryThe project uses 450m3 blast furnace, cast iron, steel blast furnace, hot wind furnace, coal gas tank with a capacity of 50,000m3. Hoa Phat Dung Quat 2 is a synchronous and closed production line where the output materials of this factory are the input materials of other factories. This gives a proactive advantage to input materials, ensures quality control and synchronization, and optimizes the cost of finished products to compete in the market.Hoa Phat is affirming its No. 1 position in Vietnam's steel industry through its impressive production capacity and global distribution and export strategy. If you have any demand for importing high quality Vietnamese steel, please contact MRS Steel via Email vanloc@mrssteel.com.vn.