[SMM Steel] Vietnam steel prices are expected to rise in Q2 2026

Published: Apr 3, 2026 16:01

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[SMM Steel] Vietnam Steel Association expects steel demand in 2026 to grow around 10%, supported by construction activity and public investment. Data from MBS Research shows Q1 2026 growth led by construction steel (+12%) and HRC (+30%), while coated steel rose about 5%. Steel prices also increased in Q1, with construction steel up ~4% and HRC nearly 3%. The uptrend is expected to strengthen in Q2 amid improving demand and reduced pressure from Chinese supply.

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