[Vietnam's Steel Sector Posts Strong H1 2026 Growth]

Published: Jul 22, 2026 09:31

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According to VSA, Vietnam's crude steel output hit 15.18 million tonnes in H1 2026 (+26.9% yoy), far outpacing the broader industrial sector's growth (~11.4%). Finished steel production reached 18.21 million tonnes (+15.1%), though coated steel and cold-rolled steel continued to decline amid trade defense pressure.

Exports totaled 5.5 million tonnes (US$3.7bn, +0.3%), while imports reached 7.8 million tonnes (US$5.6bn, +2.84%), leaving the steel trade balance in a deficit of roughly US$1.9bn. ASEAN, the EU, the US, and India remained the top export markets.

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