https://cafef.vn/viet-nam-don-tin-vui-cung-luc-tu-my-va-nga-18826050409252441.chn

Published: May 4, 2026 17:44

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[SMM Steel] Vietnam exported 2.94 mln tons of steel in Q1 2026, up nearly 7% YoY, with March shipments reaching 1.03 mln tons (+23% MoM). The United States remained the largest market, with exports rising 32% YoY, while shipments to Russia surged over 830%, albeit from a low base. Strong growth was also seen in India and Southeast Asia. However, exports continue to face mounting pressure from trade protection measures, including US Section 232 tariffs and EU CBAM and quota restrictions, pushing Vietnamese producers to rely more on domestic demand. Supported by infrastructure investment and real estate recovery, Vietnam’s steel consumption is expected to grow 5–8% in 2026, positioning the domestic market as the key growth driver.

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