Vietnam iron and steel imports down 34.12 percent in February 2026 / China -44.30%, Indonesia – 24.93%

Vietnam imported iron and steel to the tune of US$680 million in February, down from US$1,033 million in January, a change of -34.12 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam had imported US$1,713 million worth of iron and steel by the end of February.

China accounted for US$248 million worth of Vietnam’s iron and steel imports in February, down from US$446 million in January, a change of 44.30 percent. Year to date, China has shipped US$694 million worth of iron and steel to Vietnam.

Indonesia followed, accounting for US$164 million worth of Vietnam’s iron and steel imports in February, down from US$218 million in January, a change of 24.93 percent. Year to date, Indonesia has shipped US$379 million worth of iron and steel to Vietnam.

South Korea contributed US$96 million worth of Vietnam’s iron and steel imports in February, down from US$124 million in January, a change of 22.27 percent. Year to date, South Korea has shipped US$220 million worth of iron and steel to Vietnam.

Japan represented US$79 million worth of Vietnam’s iron and steel imports in February, down from US$100 million in January, a change of 21.17 percent. Year to date, Japan has shipped US$179 million worth of iron and steel to Vietnam.

India rounded out the top five with US$43 million worth of Vietnam’s iron and steel imports in February, down from US$45 million in January, a change of 4.24 percent. Year to date, India has shipped US$90 million worth of iron and steel to Vietnam.

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Listed iron and steel companies

Key iron and steel firms listed on the Vietnam stock exchange include:

VNSTEEL – Ho Chi Minh City Metal Corporation (HMC)

VNSTEEL – Ho Chi Minh City Metal Corporation (HMC) trades and distributes steel and non-ferrous metals for industrial and construction use. (HMC)

In February, HMC shares moved from 11.10 to 11.50, a change of 0.40 (0.04 percent).

Foreign ownership moved from 132,774.12 to 132,736.12, a change of -38.00 (0.00 percent).

Hoa Phat Group (HPG)

Hoa Phat Group is one of Vietnam’s largest industrial conglomerates, primarily engaged in iron and steel production, including construction steel, hot-rolled coil, pipes, and galvanized sheets. (HPG)

In February, HPG shares moved from 26.80 to 28.80, a change of 2.00 (0.07 percent).

Foreign ownership moved from 21,950,641.11 to 20,361,245.73, a change of -1,589,395.38 (-0.07 percent).

Hoa Sen Group (HSG)

Hoa Sen Group (HSG) manufactures and exports steel sheets, roofing materials, and plastic pipes throughout Southeast Asia. (HSG)

In February, HSG shares moved from 16.10 to 16.15, a change of 0.05 (0.00 percent).

Foreign ownership moved from 2,765,904.28 to 2,765,509.32, a change of -394.96 (0.00 percent).

Nam Kim Steel JSC (NKG)

Nam Kim Steel JSC (NKG) manufactures and exports galvanised and coated steel products for construction and industrial use. (NKG)

In February, NKG shares moved from 15.20 to 15.80, a change of 0.60 (0.04 percent).

Foreign ownership moved from 2,006,927.12 to 1,988,192.18, a change of -18,734.94 (-0.01 percent).

Son Ha Sai Gon Joint Stock Company (SHA)

Son Ha Sai Gon Joint Stock Company (SHA) manufactures stainless steel water tanks, pipes, and household appliances. (SHA)

In February, SHA shares moved from 4.07 to 4.00, a change of -0.07 (-0.02 percent).

Foreign ownership was unchanged.

Son Ha International Corporation (SHI)

Son Ha International Corporation (SHI) produces stainless steel products, solar water heaters, and construction materials. (SHI)

In February, SHI shares moved from 14.15 to 14.05, a change of -0.10 (-0.01 percent).

Foreign ownership moved from 829,067.13 to 828,314.13, a change of -753.00 (0.00 percent).

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Vietnam iron and steel news

Recent developments include:

Iron and steel products exports in February

Vietnam exported iron and steel products to the tune of US$353 million in February, down from US$475 million in January, a change of -25.83 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→

Iron and steel exports in February

Vietnam exported iron and steel to the tune of US$515 million in February, down from US$650 million in January, a change of -20.82 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→

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Vietnam’s iron and steel industry

Vietnam’s steel industry is a core component of the country’s industrial base, supporting construction, manufacturing, and infrastructure development.

Domestic production has expanded rapidly in recent years, driven by strong demand and significant investment in large-scale steel plants.

The sector remains influenced by global price movements and trade dynamics, with imports and exports playing a key role in supply balance.

Government policies and infrastructure spending continue to shape growth, while competition and input costs present ongoing challenges for producers.

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The data

Vietnam imports of iron and steel in February, 2026 US$m