Trusted partner to import steel from Vietnam
BlogDate: 06-03-2024 by: Nhu Quynh
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 overview
After 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 Vietnam
As 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 quality
Product 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 price
Along 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 supply
It 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 Vietnam
MRS 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 Steel
Currently, MRS Steel focuses on exporting mainly flat steel products:
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.
