Vietnam’s steel sector faced mounting pressures in the first half of 2025 due to global trade barriers, weaker international prices, and regional conflicts, which dented export performance despite higher domestic production, according to the Vietnam Steel Association (VSA)→view source.
Key details:
- Iron ore prices: Averaged US$100.7/ton in H1 2025, down 14.5 percent year-on-year
- Coking coal: Averaged US$184.6/ton, down 33.1 percent year-on-year
- Scrap steel: Averaged US$339.6/ton, down 11.7 percent year-on-year
- HRC prices: Averaged US$495/ton, down 12.7 percent year-on-year
- Graphite electrodes: UHP450 prices stable at US$2,930–3,100/ton CFR Da Nang
Production and sales:
June 2025:
- Finished steel output: 2.763 million tons, up 12.2 percent YoY
- Sales: 2.485 million tons, up 5.1 percent YoY
Q2 2025:
- Output: 8.318 million tons, up 13.4 percent YoY
- Sales: 8.254 million tons, up 8.7 percent YoY
- Exports: 1.396 million tons, down 28.9 percent YoY
H1 2025:
- Output: 15.825 million tons, up 9.7 percent YoY
- Sales: 15.727 million tons, up 10.2 percent YoY
- Exports: 2.845 million tons, down 32.5 percent YoY
June 2025 exports:
- 931,365 tons of crude/semi-finished steel, US$611.51 million, up 1.9 percent MoM
- Steel product exports: US$472.41 million, up 31.6 percent YoY
H1 2025 exports:
- 5.66 million tons, US$3.70 billion, down 13 percent in volume and 22.5 percent in value YoY