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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.

In the 8 months of 2023,Vietnam’s steel volume exported to the US has seen a significant increase, including main products such as galvanized steel and construction steel. In the face of challenging weak steel consumption demands, the increase in export production reflects the continuous efforts of the Vietnamese steel industry to improve product quality and establish its position in the international market.Recent overview of Vietnam's steel volume exported to the USAccording to statistics from the Customs Department, Vietnam's steel volume exported to the US tripled the amount of steel imported from the U.S in June 2023. This stands out as a special spot in the context of sluggish steel exports from the country in the first half of this year when the major markets like Europe and China are experiencing stagnation due to declining construction and real estate markets.In the steel export sector, the U.S. market continues to show great potential, accounting for 8% of Vietnam's steel exports in 2022, ranking fourth among Vietnam's steel export destinations alongside ASEAN, the EU, and China. In the first 7 months of 2023, according to the General Department of Customs, the U.S. market was among the top 3 largest importers of iron and steel from Vietnam, with a value of $386 million. As the U.S. begins to show signs of economic recovery, particularly in the reconstruction of factories and homes, Vietnamese steel enterprises have seized the opportunity to boost their export volume to this large market.The Vietnam's galvanized/galvalume (GI/GL) steel volume exportsIn the past 8 months of 2023, the export volume of galvanized (GI) steel to the U.S. exceeded 37,000 tons, generating a total value of over $36 million. Hoa Sen Group ranked as the top enterprise exporting GI steel products to the U.S. with nearly 10,000 tons. Besides Hoa Sen Group, Ton Đong A Group also showcased its exceptional strength in the U.S. market, exporting over 6,500 tons of GI steel in the past 8 months.The statistic about top Vietnamese galvanized exporters to the US in 8 months of 2023In addition to GI steel, the export volume of galvalume (GL) steel was also impressive, reaching 86,000 tons in the first 8 months of 2023 with a value of $89.6 million. Among the enterprises exporting GL steel, Ton Đong A Group stood out, exporting nearly 75,000 tons, capturing an 86% share of the overall market for GL steel exports to the U.S.The statistic about top Vietnamese galvalume exporters to the US in 8 months of 2023Galvanized steel products have long been a strength of Vietnamese steel mills, produced on modern steel coating lines that ensure uniform and high-quality coatings, meeting international standards including ASTM from the U.S. Thanks to ongoing technological investments in production, Vietnamese GI steel is gaining a strong foothold in major markets like the United States.The volume of Vietnam's PPGI/PPGL exportsThe export volume of galvanized steel products to the U.S. in the past 8 months exceeded 32,400 tons, with a total value of over $48 million. Ton Dong A Group led the way, exporting more than 13,200 tons, primarily in the form of pre-painted galvalume (PPGL). Other major steel exporters in this category included Nam Kim and Hoa Sen, with export volumes of 7,300 tons and 6,900 tons, respectively.The statistic about top Vietnamese PPGI/PPGL exporters to the US in 8 months of 2023The U.S. market demands strict quality standards for steel products, so successful Vietnam’s steel exports to the US require careful investment in the production process. Most large-scale steel mills in Vietnam, such as Hoa Sen, Ton Nam Kim, and Ton Đong A, have integrated coating technologies to ensure consistent coating quality, flatness control, and optimization.The volume of Vietnam's construction steel exportsThe export volume of construction steel to the US mainly includes two key products: rebar and wire rod. Among them, rebar had a total export volume of over 15,600 tons for the entire industry. Leading the way in steel exports were Hoa Phat Group, which supplied over 10,000 tons of steel to the U.S. in the first 8 months of 2023, capturing over 60% of the market share.The statistic about top Vietnamese construction steel exporters to the US in 8 months of 2023Trade activities in the steel sector between Vietnam and the US have consistently been positive despite trade investigations. The US remains one of the most important export markets for Vietnam's steel industry each year. The ramped-up Vietnam’s steel volume exported to the US have to some extent addressed the challenging issue of steel consumption needs for Vietnamese factories, aligning with the trend of diversifying investment activities in the country.

Vietnam's steel industry is one of the country's most critical economic sectors, and foreign direct investment (FDI) plays a crucial role in its development. The three largest FDI enterprises in the industry are Formosa Ha Tinh, Posco Yamato Vina, and Pomina. These companies invest heavily in new production facilities, technology, and infrastructure, helping drive the industry's growth and competitiveness. 1. Formosa: receiving total FDI investment capital of USD 7,879,060,000 from TaiwanFormosa Steel Joint Stock Company (FHS) under Formosa Plastics Group of Taiwan is currently one of the largest FDI enterprises in Ha Tinh province. FHS was granted a construction permit on June 12, 2008. The Iron and Steel Complex investment project and Son Duong Deep-Water Port is one of Vietnam's most significant FDI projects, with a charter capital of 5.5 billion USD total investment capital of 12,787 billion USD.The project has a total area of 3,318 ha, of which the land area is 2,025 ha, and the water surface area is 1,293 ha. The company's principal shareholders include Taiwan (China) plastic manufacturing group Formosa Plastic, China Steel (CSC), and JFE Steel Company (Japan).In addition, Formosa also has many of the most significant FDI projects in the steel industry, such as the Vung Anh industrial park (Ha Tinh province), attracting 152 projects, including 56 foreign-invested projects (including 1 project investment in the form of BOT) with registered capital of more than 16 billion USD and 96 domestic investment projects with a registered capital of 55,234,020 billion dongs.2. Posco Yamato Vina: Received total FDI investment capital of USD 1,128,000,000 from KoreaPosco Yamato Vina Steel Joint Stock Company is a joint venture between Korea's Pohang Iron and Steel Company (51% stake) and Japan's Yamato Holdings (19% stake), specializing in the production of hot rolled section steel and sheet pile steel. In 2020, Posco Yamato was the first company to produce wide H-shaped steel in Vietnam. Currently, Posco is operating a steel mill in Ba Ria - Vung Tau with a capacity of 1 million tons per year and producing section steel with a capacity of 500,000 tons per year.By the end of 2022, Vietnam has attracted 142 countries and territories to invest, including South Korea leading the top 1 with a total registered capital of more than 81.3 billion USD with nearly 9,500 projects. Accordingly, Posco Yamato is a Korean FDI enterprise with a total investment capital of 1,128,000,000 USD and a charter capital is 451,000,000 USD.3. Pomina: sold 20% shares to Nansei Steel CompanyAt the 2023 General Meeting of Shareholders, Pomina (POM) announced strategic cooperation with Nansei Steel Company based in Chiba, Japan. Nansei invested in POM and became a strategic shareholder with a foreign ownership ratio below 65%.Viet Steel Manufacturing and Trading Co., Ltd is Pomina's largest shareholder, with an ownership rate of more than 53.3% of capital. If the cooperation "mission" between Pomina and Nansei Steel is successful, Nansei will become POM's second-largest shareholder, holding 20% of the shares, equivalent to 20 million USD.In the long run, the orientation of the business is to invest in depth towards sustainable development. With many years of industry experience, POM is one of the few manufacturers that owns the Consteel steelmaking technology chain, which is entirely closed and synchronous.FDI enterprises in the steel industry have many advantages in overcoming the world economic crisis and stabilizing production activities. This also brings "huge" investment capital into the technology chain system, improving product quality and opening export opportunities to many international markets.

Hoa Phat Group (HPG) is Southeast Asia's largest steel manufacturing corporation, with 8 million tons of crude steel/year capacity. Hoa Phat Group is and will implement many steel projects to improve production capacity and meet the requirements of strict export standards. In this article, MRS Steel will get deeper into the factories, blast furnaces, and electric furnaces that Hoa Phat has operated and is in the investment stage.1. Hoa Phat Dung Quat Quang Ngai Steel MillHoa Phat Dung Quat Steel Mill was constructed in February 2017 with a total charter capital of about VND 30,000 billion. This is one of the critical factories of Hoa Phat Group, playing the role of a "leader" in supplying materials for domestic needs and exporting to foreign markets, helping HPG maintain its digital market share position 1st in Vietnam.According to statistics, the production output of Hoa Phat Dung Quat is about 4 million tons of steel per year, with the leading products being construction steel, hot-rolled steel, cold-rolled steel,... To ensure optimum production capacity, Hoa Phat has continuously applied the latest technology and modern facilities, such as closed blast furnaces and deep-water seaport systems,... Thereby helping to optimize cost, production, and transportation time is environmentally friendly and does not emit exhaust gasses and heat directly to the outside.2. Hoa Phat Hung Yen Steel FactoryHoa Phat Hung Yen Mill was separated from Hoa Phat Group Joint Stock Company in November 2020 and is located in Pho Noi A Industrial Park, Hung Yen province, with a capacity of about 400,000 tons/year. The factory invested 13 million USD according to the latest technology of Danieli (Italy), mainly producing products such as reinforced concrete, coil steel, barbed wire, rebar, CRC,...3. Hoa Phat Hai Duong Steel FactoryHoa Phat Hai Duong Steel Plant was the first project of HPG, started construction in August 2007, and has the largest capacity of all the projects in operation. The project was divided into 2 phases, with a capacity of 350,000 tons of steel per year (in 2010) and 500,000 tons of steel per year (in 2013). As of 2021, the factory's total capacity reached 2.2 million tons of steel/year. Thanks to the use of energy reuse technology, the Hai Duong factory has self-control of nearly 50% of the electricity to operate the entire production system.4. Blast furnace system, Hoa Phat electric furnaceHoa Phat currently has a total of 7 steel blast furnaces, including 4 at Hoa Phat Dung Quat Mill and 3 at Hai Duong Mill. In addition, Hoa Phat is operating an electric furnace in Hung Yen, specializing in producing steel from scrap with a capacity of 400,000 tons/year.Vietnam has used closed-loop blast furnace technology from iron ore to finished products with the highly automated operating mode of SMS group (Germany). Therefore, the reaction process in the furnace occurs faster and more efficiently and removes impurities better.5. The Hoa Phat Dung Quat 2 project is expected to be completed in the first quarter of 2025Hoa Phat Dung Quat 2 Iron and Steel Production Complex Project is invested and built in the Dung Quat Economic Zone with a designed capacity of 5.6 million tons of flat steel/year, 5.6 million tons of HRC/year, and a total investment of about approximate 85,000 billion VND. This is one of Hoa Phat's key projects, promising that when completed, the total annual HRC capacity will reach 8.6 million tons and crude steel capacity of more than 14 million tons by 2025. The factory was started in May 2022 and is expected to be completed in the first quarter of 2025.In 2023, Hoa Phat continues to promote large-scale projects such as Hoa Phat Dung Quat 3 Iron and Steel Production Complex (312 hectares), capacity of about 5.6 million tons/; Iron alloy Ferro project (300 hectares); investment in an industrial park (800 hectares); Port system and logistics area serving Complex 3 and satellite projects (113.5 hectares)...6. MRS Steel - reputable and quality supplier of Hoa Phat steelMRS Steel is a long-time partner in sourcing and importing Hoa Phat steel products to many markets such as the US, EU, UK, Japan,... Instead of spending a lot of time and money searching about the Vietnamese steel market, policies, procedures, and import processes, many customers have chosen MRS Steel as a quick, quality steel import solution.MRS Steel uses its extensive network of connections to provide the best steel products at competitive prices. We also ensure our products meet the necessary international standards, ensuring the highest levels of safety and durability. For any quotation or consultation needs, please contact us via Whatsapp: +84 76 911 2358 for the fastest support.

On the market today, steel coil is a commonly used type with many different types. However, many people still do not distinguish between the types of steel coils and their uses. Let's find out more about MRS Steel in the following article.1. What is a steel coil? The steel coil is a steel type that is quite commonly used today. This type of steel is produced with a smooth or ribbed surface that is curled together. Making quality steel coils requires a complex steel production process that requires high technical and technological qualifications. Depending on the needs and purposes of use, there will be different types of steel coils.2. Application and classification of steel coil 2.1 Hot rolled coil Hot-rolled coil is the finished product of the process of smelting, casting billets, and hot rolling at a temperature of 10000 °C. This steel is the raw material for creating cold-rolled coil, welded steel tubes, and cast steel pipe. Normally, a hot-rolled coil will have a blue-black color and a rough surface that is less aesthetic.Hot-rolled coils are commonly used in the automobile industry, railways, shipbuilding, roofing corrugated iron, the production of H- and I-shaped steel beams, moving floors, ladders,...2.2. Cold rolled coil The cold-rolled coil is a hot-rolled coil after cooling and re-rolling at room temperature to produce cold-rolled coil products with the desired shape and size. This process will not change the structure of the steel, but only the shape of the steel in accordance with the needs and purposes. However, if the cold rolling process is not strictly controlled, it will deform the product. The cold-rolled coil has a smooth surface, so it ensures higher aesthetics and durability.Cold-rolled coils are often used to make flat sheet products such as steel plates, coils, laminates, round and square details,.. and products with smooth surfaces. 2.3. Galvanized steel coilThe galvanized steel coil is a cold-rolled coil that is additionally plated with a layer of zinc on the outside of the surface. This is one of the most influential and economical methods of protecting steel from corrosion under the influence of the environment.Galvanized steel coils are widely used in building architecture, roofing, ventilation systems, solar water heaters, televisions, refrigerators, the automobile manufacturing industry, the manufacturing industry,...2.4. Stainless steel coilStainless steel is a steel alloy with a minimum chromium content of 10.5%, which is a standard metal in Vietnam and is commonly known as stainless steel. Manufacturers often choose to use stainless steel as a metal production material because it has good corrosion resistance, oxidation resistance, high strength, and does not stain or rust. Stainless steel is commonly used in many industries and construction projects, such as aerospace, architecture, medical, home appliances, and jewelry...2.5. Pre-painted steel coilPre-painted steel coil, also known as color-coated corrugated iron, is a type of corrugated iron made of galvanized steel coated with a layer of color paint to increase the aesthetics and longevity of the building. Pre-painted steel coil has high strength, good bearing capacity, corrosion and rust resistance, and many different designs and shapes suitable for each type of construction.Pre-painted steel coils are used to make roofing sheets, rolling doors, interior decoration,... In addition, it is also used to make industrial electrical products, household appliances, insulation systems,...3. Reputable coil supplier in Vietnam Buying coils becomes more manageable when many enterprises produce and trade coils in Vietnam. However, buying quality coils at a reasonable cost is not easy, especially for foreign enterprises. With more than 12 years of experience in the steel industry, MRS Steel will help you make the right choice for your project. If you have a need to buy coils, please contact us via:WhatsApp: +84 76 911 2358Email: vanloc@mrssteel.com.vn