[SMM Steel] VNSTEEL steel sales rise 16.9% in Jan-Apr amid higher steel prices

Published: May 6, 2026 17:08

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[SMM Steel] Global steel and raw material prices continued rising in April 2026, with HRC, billet, scrap, and iron ore prices increasing 6.3–18.9% YoY, while coking coal surged 30.1% YoY. Imported US HMS 1/2 80:20 scrap prices to Vietnam rose 7.1% MoM and 13.8% YoY, while imported HRC prices also increased sharply in late April. In Vietnam, domestic HRC prices increased by around VND 900–988/kg, and coated steel prices continued rising with some mills raising prices 4–5 times during the month due to higher input costs. Against this backdrop, VNSTEEL’s total finished steel consumption in the first four months of 2026 increased 16.9% YoY, with long steel sales rising 30% and metal products growing 37.4%, supported by improving domestic construction and infrastructure demand.

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