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Vietnam's steel market is increasingly asserting its foothold in the market as businesses begin to export Vietnamese steel products to the international market. Read the article below to better understand one of the reputable steel exporters in Vietnam.1. Steel market overviewAfter days of stagnation by COVID-19, the steel industry is experiencing strong recovery and transformation steps. According to the forecast of the Global Steel Association, steel demand in 2024 will be 135.8 million tons. Manufacturing is expected to lead the recovery, but high interest rates will continue to weigh heavily on steel demand. In 2024, steel products are expected to accelerate in most regions but decline in China.In Vietnam, steel consumption in the first 11 months of 2023 reached 23.7 million tons, declining by 5.6% over the same period last year. Accordingly, domestic demand for steel continued to decline sharply due to the stagnant real estate market and tight monetary policy. Meanwhile, the export market is still not favorable due to the recession in many economies around the world.2. Benefits of importing steel from VietnamAs one of the countries with a developing steel industry, Vietnamese steel is increasingly gaining a foothold in the market. By importing Vietnamese steel products, importers will get the following benefits:Product qualityProduct quality is always a key factor that steel manufacturers in Vietnam are interested in. The production of high-quality steel products not only helps consumers feel secure about the product but also helps businesses affirm their reputation and position on the world steel map.Competitive priceAlong with product quality, price is always what steel manufacturers aim for. With the signing of more than 15 FTA, importers will reduce costs when importing steel products originating from Vietnam.Abundant supplyIt is a developing market with many large steel producers. Choosing to import steel products from the Vietnamese market helps importers have more choices and diversify their products.3. MRS STEEL - Trusted partner to import steel from VietnamMRS Steel is based in Vietnam, specializing in the export of high-quality steel products to various destinations across the globe like EU, USA, Canada, Mexico, Australia, Middle East, Southeast Asia... With over 12 years of experience in the steel industry, MRS Steel have built a reputation for providing reliable, efficient, and cost-effective steel solutions to customers.At MRS Steel, we understand the importance of quality, reliability, and timely delivery to our customers around the world. That is why we work closely with our customers to ensure that their needs are met with the highest level of professionalism and excellence. We pride ourselves on offering a wide range of steel products that meet the needs of various industries, including construction, automotive, energy, manufacturing, and more.We have exported more than 358,000 tons of steel of all kinds to more than 235 customers from all over the world. With professionalism and dedication, all steel products from MRS Steel are trusted and selected by customers.. Working with the goal of putting customers at the center, we are always ready to support, answer questions, and meet the needs of customers 24/7. Customer satisfaction is the pride and development motivation of the MRS Steel team.4. The main exported products of MRS SteelCurrently, MRS Steel focuses on exporting mainly flat steel products:PPGI/PPGL GI/GLHRPOHRCCRC...We leverage our extensive network of suppliers and partners to source the best quality steel products at competitive prices. We also ensure that our products meet the required international standards, ensuring the highest levels of safety and durability.At MRS Steel, we believe that our success is rooted in our commitment to building long-term relationships with our customers. We are dedicated to providing excellent customer service and support, and we strive to exceed our customers' expectations at every turn. If you need to buy steel products, please contact us HERE.

How to import quality steel, avoid fraud, commit to delivering the right quantity, on time, and have good after-sales customer service? The common answer to all of these questions is: "Looking for a reputable, quality steel import support unit". Let's explore the qualities that a steel partner should possess with MRS Steel.1. Commitment to quality and continuous improvementWhile price is a crucial factor in purchasing decisions, importers cannot overlook the quality of the products. Quality greatly affects project performance, safety and various complex issues.When selecting a supplier, it's essential to understand who your partner is, their market position and they must have clear and stringent commitments to quality, origin of the goods. Products should meet international standards such as ISO 9001, ASTM, JIS,... and adhere to international quality management systems. Additionally, steel suppliers should continuously invest in and improve their production processes based on feedback from customers.2. Rich experience in steelExperience is a fundamental requirement in any industry, from manufacturing to business. Choosing partners with extensive experience in the field of iron and steel and a certain level of reputation in the market not only helps you feel secure in cooperation but also offers mutually beneficial business solutions.3. Proactive and flexibleIn terms of production process, the factory must be flexible and ready to meet customers' individual requirements. In addition, importers also appreciate the initiative of businesses in always having a certain amount of steel product inventory in case of special cases.4. Adherence to Contract TermsImporting steel often involves a time-consuming and complex process, including customs procedures and multiple stages of shipping. Therefore, it's crucial for steel suppliers to fulfill their contractual obligations to avoid disruptions to customers.5. Excellent after-sales servicesAfter delivering steel orders, the seller's responsibility doesn't end. They must continue to address issues that may arise, such as lack of goods, damage, warranty and return,... Not all companies are equally responsible and capable of handling these risks, so importers need to thoroughly assess a partner's credibility and customer care attitude before deciding to collaborate.6. MRS Steel - Vietnamese steel import solution providerMRS Steel has more than 12 years of experience in the field of sourcing and importing Vietnamese steel to many countries and territories around the world. The company has expanded its operations and has a team of top experts in market analysis, procurement, supply chain, communication,… This allows importers to connect with the largest steel brands in Vietnam at the most optimal cost.With its existing capacity and potential, MRS Steel is the top choice of many importers from the United States, Europe, England, Australia, Mexico, India, Southeast Asian,... when they need high-quality Vietnamese steel. MRS Steel always maintains its strategic vision of becoming the leading supplier and importer of Vietnamese steel in the region, so customers can rest assured to experience the best services from us.If you need to understand the market and import Vietnamese steel, please contact MRS Steel via Email vanloc@mrssteel.com.vn for 24/7 support.

Currently, with its position as the fourth largest steel-producing country in the world, the United States boasts a robust steel industry with numerous large and modern mills. Below is a list of the top 5 steel manufacturing plants in the United States.Nucor CorporationEstablished in 1940 under the name Nuclear Corporation of America, Nucor is regarded as one of the leading steel industries in the United States. Nucor operates multiple plants across the United States and produces a variety of steel types, from construction steel to those used in the industrial sector. It is currently the largest steel producer in the United States, with a total asset value of up to 32.479 billion USD.At present, Nucor operates 23 manufacturing plants and, in 2022, the company produced 20.50 million tons of various steel types. The main steel products produced by the company include steel bars, flat rolled steel, steel joists, and steel decks, among others.Today, Nucor not only maintains its stronghold in the United States but also expands its influence in the global steel industry. With numerous plants and strong financial backing, Nucor continues to invest in technology, research, and development to remain competitive and to continue driving innovation in the sector.U.S. Steel U.S. Steel, formally known as the United States Steel Corporation, stands as one of the major steel companies in the U.S. Established in 1901 by J.P. Morgan, the company has become an emblem of the American steel industry and played a pivotal role in shaping the nation's economic and industrial landscape. With total assets of 19.458 billion USD, U.S. Steel ranks as the second-largest steel enterprise in the United States, trailing only Nucor Corporation, and holds the position of the 27th largest steel producer globally.At present, U.S. Steel operates numerous steel manufacturing facilities throughout the United States. Their primary product lines encompass flat-rolled and tubular products that cater to a wide range of industries including automotive, construction, consumer goods, electrical, industrial equipment, distribution, and energy. In 2022, U.S. Steel produced a staggering 14.49 million tons of steel, addressing the demands of the United States steel industry.U.S. Steel is not just a representative of the steel industry, but also a part of the cultural and historical heritage of the United States. Throughout the 20th century, U.S. Steel has been involved in numerous significant national projects, including the construction of iconic structures like the Golden Gate Bridge in San Francisco.Cleveland - Cliffs Inc. Originating as the Cleveland Iron Mining Company established in 1847, based in Ohio, it stands as the oldest enterprise in the United States steel industry. Initially, Cleveland-Cliffs primarily focused on iron ore mining. Over many decades, the company expanded its operations and became the leading iron ore supplier for steel mills around the Great Lakes. It is now the largest flat-rolled steel producer in North America, boasting total assets of up to 18.755 billion USD.Cleveland-Cliffs manages and operates four iron ore mines, three coke production facilities, along with numerous steel mills spread across the United States. In 2022, Cleveland-Cliffs produced 16.80 million tons of various types of steel. Apart from iron ore mining, the company produces steel products such as stainless steel, hot-rolled coil, cold-rolled coil, and construction steel.With over a century of existence and growth, Cleveland-Cliffs has established itself as an indispensable pillar in the United States steel industry. From its origins as an iron ore mining company, Cleveland-Cliffs has evolved into a diversified, multinational steel company with a unique position in the market.Steel Dynamics, Inc.Founded in 1993, Steel Dynamics is one of the third-largest carbon steel producers in the United States, headquartered in Fort Wayne, Indiana. Starting as a small project in the early 1990s, Steel Dynamics has rapidly grown and contributed to the development of the United States steel industry to its present position.In 2022, Steel Dynamics produced 9.73 million tons of steel, making it one of the most profitable steel companies in terms of profit margins and operating profit per ton in the United States steel industry. Currently, Steel Dynamics specializes in producing core products including: sheet steel, structural steel, scrap steel, and steel for the oil and gas industry.Steel Dynamics not only focuses on traditional steel production but also invests in renewable and recycling resources. Their commitment to the environment and the community helps Steel Dynamics overcome challenges and contribute to the sustainability of the steel industry.Commercial Metals CompanyCommercial Metals Company is one of the leading steel companies in the United States, founded in 1915 and headquartered in Texas. With a long history of development, Commercial Metals Company has played a significant role in the U.S. steel industry. It originally started as a small-scale scrap metal trading company and has grown into one of the major players in the steel business. In addition to the United States, Commercial Metals Company also has several manufacturing plants in Europe.Commercial Metals Company primarily specializes in recycled steel products and steel used in construction. In the United States, Commercial Metals Company owns 41 scrap metal recycling facilities, six electric arc furnace mini mills,two electric arc furnace micro mills, and various other steel production facilities. Currently, in addition to recycled steel, Commercial Metals Company also provides a range of products from structural steel, shaped steel, to wire rod and many other products for various industries. In the steel industry in the United States, this company is one of the major players in recycling.With the goal of becoming one of the leading recycled steel companies, Commercial Metals Company is committed to reusing and recycling metals, reducing waste, and conserving resources, contributing to environmental protection.With its vast steel industry, the United States is the home to many large and advanced steel mills. These companies all play crucial roles in shaping and developing the United States steel industry. If you have any questions about these companies, please feel free to contact us.

Thanks to its favorable geographical location, extensive trade cooperation, and diverse steel supply capabilities, Vietnam is gradually being recognized as a highly promising destination in producing steel for US importers. Taking advantage of its existing strengths and continuous production improvements, businesses can seize additional opportunities for upcoming projects.The location and logistical advantages of Vietnam in producing steel for US importersVietnam possesses a geographical location situated in an important trade region in the South Sea and is considered the world's second-busiest maritime route. Steel is a major commodity transported via sea routes in international trade, and Vietnam's position along the maritime corridor connecting Southeast Asia with countries in Europe and the Americas has created favorable conditions for this country to produce steel for US importers as well as delivering to major global ports.Furthermore, Vietnam continually invests in logistic activities, including making up and operating deep-water ports to facilitate import and export, especially in the steel industry. Steel export orders often involve large volumes with high values, so investing in deep-water ports improves vessel transportation efficiency and enhances port capacity while reducing cargo waiting times. Some remarkable deep-water ports in Vietnam, such as Cai Lan, Nghi Son, Vung Ang, Dung Quat, Cam Ranh, Vung Tau, among others, have contributed to Vietnam's role in the global steel supply chain and boosted steel export growth.Benefits’s US steel importers through trade agreements between the two countriesThe trade cooperation relationship between Vietnam and the United States has been established for over 10 years, notably marked by the Bilateral Trade Agreement (BTA) signed in 2000. According to the terms of the BTA, import tariffs on various goods, including steel will be significantly reduced, providing favorable conditions for Vietnam's steel industry to increase its exports to the U.S. market. Additionally, Vietnam enjoys privileges when its steel imports into the United States are not subject to quotas.In recent years, the United States has ranked fourth among the top 10 largest steel import markets in Vietnam, accounting for 7% in 2021. Despite challenges arising from recent trade remedies investigations, the trade cooperation in the steel import and export sector between the two countries is still considered to have potential toward Vietnam's strong steel products like hot-rolled steel, galvanized steel, ppgi/ppgl and construction steel.Improving technology processes and moving towards green production trendsAccording to data from Word Steel, in the consecutive years of 2022 and 2023, Vietnam has ranked 13th in the world in terms of crude steel production. This data demonstrates the country's self-sufficiency in steel production to satisfy not only domestic consumption but also global demand. Additionally, Vietnam's steel industry ranked 14th and 13th in the world for exports (11.2 million tons) and imports (13 million tons) in 2021.Furthermore, domestic steel producers continually upgrade their production lines to provide steel grades that meet international standards. Most large-scale steel manufacturers in Vietnam, including Hoa Phat Group, Hoa Sen, Nam Kim, and Ton Dong A, have long been utilizing advanced technology from Danieli & Tenova (Italy) and SMS Group (Germany), thanks to these advancements, Vietnamese steel products conform to strict international standards such as JIS (Japan), ASTM (USA), and BS (UK),...The trend towards sustainable steel production is being embraced by many domestic steel enterprises, viewing it as an essential direction for adapting their development strategies. A prime example is the Hoa Phat Group, which employs waste recycling in its production process to minimize emissions into the environment. The VAS Steel Group is also a standout player in pioneering green and clean steel production. Their plant uses recycled steel as raw material and has a waste control and processing system, providing high-quality steel products without impurities. The awareness and proactive adoption of production changes have enabled the Vietnamese steel industry to penetrate large markets, particularly providing numerous opportunities in producing steel for US importers.Choosing quality suppliers from Vietnam in producing steel for US importersThe Vietnamese steel market in recent years has been seen as a potential destination for international importers due to its ability to supply diverse and high-quality steel grades that meet project requirements. Therefore, seeking and selecting an experienced long-term supplier of steel solutions can help importers save time and effort in market research.With over 12 years of experience in the steel industry, partnering with MRS Steel will provide US steel importers access to a wide range of quality and diverse steel sources directly from large factories. Additionally, our team of knowledgeable consultants is ready to assist you in selecting the right steel for your project and provide the latest price lists in the market. For more specific information on the benefits of collaborating with us on your import project, please contact us via email at vanloc@mrssteel.com.vn or WhatsApp at +84 76 911 2358.