[SMM Steel] Vietnam Enters Global Top 10 Crude Steel Producers for First Time

Published: May 27, 2026 18:59

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[SMM Steel] Vietnam officially became the world’s 10th largest crude steel producer after April 2026 output reached 2.1 million mt, up 4% y-o-y, according to worldsteel data. January-April crude steel production totaled 8.5 million mt, rising 8.4% y-o-y. Market participants said the growth reflected Vietnam’s rapid expansion in integrated steelmaking capacity and increasing production of higher-value steel products. Hoa Phat remained the country’s largest producer, contributing around 11 million mt in 2025 and targeting over 14 million mt of crude steel output in 2026.

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