[SMM Steel] Vietnamese steelmakers Nam Kim and Vnsteel hike prices by up to 600,000 VND/mt amid rising HRC costs

Published: Apr 2, 2026 16:26

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[SMM Steel] Vietnam's domestic coated steel and pipe market is entering a sharp upward price cycle in early April 2026. Major players including Vnsteel Thang Long and Nam Kim Steel have announced significant price hikes ranging from 300,000 to 600,000 VND/mt. This trend is primarily driven by Hoa Phat increasing its Hot Rolled Coil (HRC) prices by 900,000 VND/mt, alongside rising logistics and operational costs. The Ministry of Construction has since intervened, requesting local authorities to monitor prices and prevent speculation to stabilize the construction sector.

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