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.
Year to date, Vietnam had exported US$828 million worth of iron and steel products by the end of February.
The USA accounted for US$100 million worth of Vietnam’s iron and steel products exports in February. This was down from US$145 million in iron and steel products exports in January, a change of -31.15 percent. Year to date, Vietnam has shipped US$245 million worth of iron and steel products to the USA.
After the USA, Japan made up US$38 million worth of Vietnam’s iron and steel products exports in February. This was down from US$49 million in iron and steel products exports in January, a change of -22.05 percent. Year to date, Vietnam has shipped US$87 million worth of iron and steel products to Japan.
Next was Germany, taking US$28 million worth of Vietnam’s iron and steel products exports in February. This was up from US$13 million in iron and steel products exports in January, a change of 110.77 percent. Year to date, Vietnam has shipped US$41 million worth of iron and steel products to Germany.
Following Germany was Thailand, representing US$16 million worth of Vietnam’s iron and steel products exports in February. This was down from US$20 million in iron and steel products exports in January, a change of -22.95 percent. Year to date, Vietnam has shipped US$36 million worth of iron and steel products to Thailand.
Rounding out the top five was Australia, constituting US$15 million worth of Vietnam’s iron and steel products exports in February. This was down from US$24 million in iron and steel products exports in January, a change of -35.54 percent. Year to date, Vietnam has shipped US$39 million worth of iron and steel products to Australia.
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Listed steel companies
Key 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 products news
Recent developments in iron and steel products in Vietnam include:
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→
Antidumping duties on steel
The United States Department of Commerce has issued a preliminary anti-dumping decision imposing tariffs of up to 130.77 percent on reinforcing steel imports from Vietnam.
Hoa Phat and its affiliated companies face a preliminary tariff of 121.97 percent.
Vietnam’s reinforcing steel exports to the United States rose from about US$43,000 in 2022 to nearly US$30 million in 2024. Read more→
See the latest Vietnam news headlines→
Vietnam’s iron and steel products industry
Vietnam’s iron and steel products industry is driven by domestic construction demand and infrastructure investment, supported by large producers such as Hoa Phat and Formosa Ha Tinh.
The sector produces a range of products, including construction steel, flat steel, and downstream fabricated goods, with growing capacity aimed at both domestic use and exports.
Vietnam remains reliant on imported raw materials such as iron ore and coking coal, exposing producers to global price volatility and supply chain risks.
The industry faces challenges from overcapacity, trade defence measures in export markets, and rising input costs, while benefiting from public investment and industrial expansion.
Find out about starting a business in Vietnam→
The data
Vietnam exports of iron and steel products in February, 2026 US$m
| February | January | MoM | YTD | |
| Total | 352.53 | 475.28 | -25.83% | 828.46 |
| Other | 27.82 | 48.26 | -42.35% | 76.67 |
| USA | 100.07 | 145.35 | -31.15% | 245.45 |
| Japan | 38.28 | 49.10 | -22.05% | 87.38 |
| Germany | 27.80 | 13.19 | 110.77% | 41.01 |
| Thailand | 15.67 | 20.33 | -22.95% | 36.00 |
| Australia | 15.25 | 23.66 | -35.54% | 38.92 |
| Taiwan | 13.78 | 19.56 | -29.58% | 33.34 |
| Canada | 13.66 | 8.28 | 65.03% | 21.94 |
| South Korea | 12.49 | 17.26 | -27.64% | 29.75 |
| India | 8.45 | 8.11 | 4.23% | 16.56 |
| China | 7.83 | 12.41 | -36.90% | 20.25 |
| Cambodia | 7.27 | 13.61 | -46.56% | 20.88 |
| Philippines | 7.21 | 12.43 | -41.98% | 19.63 |
| Denmark | 6.09 | 12.55 | -51.48% | 18.65 |
| Sweden | 5.03 | 2.20 | 128.43% | 7.24 |
| Malaysia | 4.79 | 6.29 | -23.85% | 11.08 |
| Poland | 4.54 | 8.46 | -46.36% | 13.00 |
| Netherlands | 4.47 | 8.63 | -48.17% | 13.10 |
| Italy | 3.80 | 5.83 | -34.74% | 9.63 |
| Singapore | 3.58 | 4.39 | -18.47% | 7.97 |
| Spain | 3.35 | 3.69 | -9.18% | 7.03 |
| Indonesia | 3.28 | 2.03 | 61.38% | 5.31 |
| Austria | 2.91 | 0.00 | 0.00% | 11.09 |
| Belgium | 2.86 | 3.89 | -26.38% | 6.75 |
| UK | 1.92 | 3.36 | -42.97% | 5.28 |
| Laos | 1.80 | 3.77 | -52.38% | 5.57 |
| France | 1.60 | 2.22 | -28.19% | 3.82 |
| Hong Kong | 1.03 | 0.96 | 7.67% | 1.99 |
| South Africa | 0.89 | 0.49 | 83.37% | 1.38 |
| Finland | 0.87 | 1.09 | -19.95% | 1.96 |
| Romania | 0.72 | 0.46 | 56.46% | 1.17 |
| Brazil | 0.68 | 0.94 | -28.24% | 1.62 |
| Argentina | 0.53 | 0.17 | 210.44% | 0.70 |
| Switzerland | 0.51 | 1.12 | -54.26% | 1.63 |
| Czech Republic | 0.43 | 0.59 | -27.10% | 1.02 |
| UAE | 0.35 | 0.62 | -43.33% | 0.97 |
| Greece | 0.25 | 0.39 | -35.65% | 0.65 |
| Lithuania | 0.18 | 0.16 | 12.34% | 0.35 |
| Myanmar | 0.13 | 0.65 | -79.68% | 0.78 |
| Kuwait | 0.09 | 0.00 | 0.00% | 0.09 |
| Mozambique | 0.06 | 0.39 | -83.85% | 0.46 |
| Bangladesh | 0.06 | 0.00 | 0.00% | 0.07 |
| Pakistan | 0.06 | 0.06 | 1.72% | 0.11 |
| Brunei Darussalam | 0.05 | 0.00 | 0.00% | 0.05 |
| Norway | 0.03 | 0.13 | -74.09% | 0.17 |
| Iceland | 0.00 | 0.00 | 0.00% | 0.00 |
| Kazakhstan | 0.00 | 0.00 | 0.00% | 0.00 |
| Saudi Arabia | 0.00 | 8.18 | -100.00% | 0.00 |