Total capacity of Vietnamese coated steel around 11 million metric tons per year, in which the local area accounts around 60% and 40% for exporting.
Forecasting the situation of serious steel surplus in the next 3 years under the oversupply pressure from China and Vietnam and the risk of steel crisis.
Vietnam steel production has increased continuously and new steel projects continue to grow, 6 steel projects includes:
An Hung Tuong (1.5 million tons of steel products annually)
Hoa Phat Dung Quat (1 million tons of crude steel and 2 million tons of hot rolled steel annually)
Nam Thuan (300,000 tons of crude steel and 300,000 tons of rolled steel annually)
Pomina Flat Steel (invests more than 400,000 tons of coated steel, including galvanized steel – GI, Galvalume – GL, and prepared Rolled steel – PPGI PPGL, increasing total capacity to 600,000 tons per year),
Viet Quang (200,000 tons of stainless steel annually)
Sunpro (500,000 tons of crude steel annually).
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