Vietnam iron and steel imports up 31.00 percent in March 2026 / China 47.82%, Indonesia – 14.65%

Vietnam imported iron and steel to the tune of US$891 million in March, up from US$680 million in February, a change of 31 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam had imported US$2,605 million worth of iron and steel by the end of March.

China accounted for US$367 million of Vietnam’s iron and steel imports in March, up from US$248 million in February, a change of 47.82 percent. Year to date, imports from China reached US$1,061 million.

Indonesia followed with US$140 million in March, down from US$164 million in February, a change of 14.65 percent. Year to date, Vietnam has imported US$521 million worth of iron and steel from Indonesia.

Japan recorded US$130 million in March, up from US$79 million in February, a change of 64.17 percent. Year to date, imports from Japan totalled US$307 million.

India posted US$90 million in March, up from US$43 million in February, a change of 109.07 percent. Year to date, Vietnam has imported US$178 million worth of iron and steel from India.

South Korea rounded out the top five with US$77 million in March, down from US$96 million in February, a change of 19.87 percent. Year to date, imports from South Korea reached US$298 million.

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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 March, HMC shares moved from 11.50 to 11.55, a change of 0.05 (0.43%).

Foreign ownership moved from 132,736.12 to 132,797.12, a change of 61.00 (0.05%).

Son Ha International Corporation (SHI)

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

In March, SHI shares moved from 14.05 to 14.00, a change of -0.05 (-0.36%).

Foreign ownership moved from 828,314.13 to 829,509.13, a change of 1,195.00 (0.14%).

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 March, SHA shares moved from 4.00 to 3.95, a change of -0.05 (-1.25%).

Foreign ownership moved from 169,051.45 to 169,051.80, a change of 0.35 (0.00%).

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 galvanised sheets. (HPG)

In March, HPG shares moved from 28.80 to 26.90, a change of -1.90 (-6.60%).

Foreign ownership moved from 20,361,245.73 to 20,652,704.70, a change of 291,458.97 (1.43%).

Hoa Sen Group (HSG)

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

In March, HSG shares moved from 16.15 to 14.85, a change of -1.30 (-8.05%).

Foreign ownership moved from 2,765,509.32 to 2,816,225.99, a change of 50,716.67 (1.83%).

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 March, NKG shares moved from 15.80 to 13.85, a change of -1.95 (-12.34%).

Foreign ownership moved from 1,988,192.18 to 2,007,914.35, a change of 19,722.17 (0.99%).

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Vietnam iron and steel news

Recent developments include:

Embattled steel maker looking to expand into other sectors

Local steel maker, SMC Investment Trading Joint Stock Company, proposed a major capital increase to repay debt and support restructuring plans through 2026–2031.

The company plans to raise about VND368 billion (US$13.97 million) from a rights issue to repay loans and supplier debt.

It also plans to restructure its operations and expand into sectors including digital infrastructure, housing, renewable energy, and green logistics. Read more→

Provisional anti-dumping rates for Chinese steel

Vietnam’s Ministry of Industry and Trade imposed a provisional anti-dumping duty of 27.83 percent on certain wide hot rolled steel imports from China.

The measure applies to products with widths between 1,880mm and 2,300mm, following findings of circumvention of existing trade defence measures. 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 March, 2026 US$m