Steel industry – Protective measures and shifting trends among manufacturers
• In 2024, the export market remained a key focus for Vietnam, with finished steel exports reaching 8 million tons, maintaining the same level as in 2023. Flat steel products accounted for 75% of total exports. Coated steel exports recorded impressive growth, reaching 3 million tons (+36.4% YoY), nearly matching the 2021 export volume of 3.3 million tons—the highest level in the 2018–2023 period.• However, the push for exports amid an unclear recovery in the global steel market posed certain risks, as some major importing countries initiated anti-dumping (ADD) investigations in 2H 2024 and early 2025.
• In February 2025, the Ministry of Industry and Trade (MOIT) announced the investigation results and imposed preliminary duties on hot-rolled steel (AD20) originating from China, ensuring the competitiveness of domestic hot-rolled steel producers (HPG, FHS, etc.). Regarding the AD19 investigation, we maintain our expectation that preliminary results will be released in Q1 2025. This will allow flat steel producers (HRC, coated steel, etc.) to redirect orders to the domestic market, mitigating risks from protective measures in export markets.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.