STEEL MARKET IN JULY STABILIZES, OPENING A GOLDEN OPPORTUNITY FOR INVESTORS

07.03.2025

(Tay Nam Steel) – On July 3, 2025, according to the latest update from the Vietnam Steel Association (VSA), the domestic steel market in July continues to show clear signs of recovery: steel prices remain stable, demand is rising thanks to increased public investment, and domestic supply remains steady. This is considered a favorable time for investors and contractors to proactively secure materials and get ahead of the peak construction season at the end of the year.

Steel Output Continues Steady Growth

According to data from the Vietnam Steel Association (VSA), in the first quarter of 2025, crude steel output reached 5.81 million tons (up 9.1%) and finished steel reached 7.464 million tons (up 5.7%) compared to the same period in 2024.
These figures indicate that the steel industry is experiencing a positive recovery, driven by strong domestic demand—especially from public investment projects.

(Source: VSA)

Three Key Factors Stabilizing the Steel Marke

According to statistical data, three main factors are contributing to the gradual stabilization of the steel market:

Optimized Production Costs

The prices of iron ore and coking coal—two primary input materials—have dropped significantly in recent months, while steel selling prices have only seen a slight increase. This cost balance allows manufacturers to improve their gross profit margins, strengthen supply capabilities, and help stabilize market prices.

Protection of the Domestic Market

The implementation of anti-dumping duties on imported steel from China is a positive move, creating a level playing field and supporting the sustainable growth of Vietnam’s steel industry.

Strong Growth Expected in Q2/2025

With efficient production and favorable input prices, several enterprises in the sector expect to achieve over 20% profit growth in Q2. This continues to reinforce confidence in the recovery and stabilization trend for the second half of the year.

Tay Nam Steel – Steadfast with Vietnam’s Steel Industry

Amid the positive signals from the steel market in July 2025, Tay Nam Steel is proactively seizing the opportunity to enhance its supply capacity, ensure quality control, and improve customer service.
In the context of stable material prices and a secure supply chain, we are focused on building a strong and flexible distribution network to better serve construction projects nationwide.

With a sustainable development strategy, Tay Nam Steel is committed to delivering high-quality steel sheet products that meet technical standards and are always ready to accompany our partners with a cooperative spirit, timely market updates, and a team of experienced consultants.

Stay tuned to Tay Nam “Steel Industry News” section for the latest updates on the steel market!

#TonTayNam
#SteelIndustryNews
#BuiltToLast
#BuildingMaterials
#SteelIsUs

Related news

STEEL MARKET IN JULY STABILIZES, OPENING A GOLDEN OPPORTUNITY FOR INVESTORS - Tôn Tây Nam

07.08.2025

VIETNAM’S STEEL INDUSTRY MOVES TOWARD NET ZERO 2050: OPPORTUNITIES FROM THE GREEN TRANSITION

Vietnam’s steel industry is undergoing a significant transformation — not only aiming for growth but also for sustainable development. At the 6th Congress of the Vietnam Steel Association (VSA), the commitment to achieve Net Zero by 2050 was officially established as a core strategic direction. Tay Nam Steel is not standing aside; the company is taking clear, deliberate steps to join the industry’s green transition journey. Vietnam’s Steel Industry Progresses Step by Step Toward Green Standards At the 6th Congress of the Vietnam Steel Association (VSA) held in May 2025, the report showed that Vietnam’s domestic steel consumption reached over 24.5 million tons in 2024 — the highest level in the past decade. From 2019 to 2024, the total volume of finished steel products surpassed 176 million tons, reflecting the industry’s impressive growth momentum. However, this rapid growth also comes with significant challenges. The steel industry is currently among the largest sources of CO₂ emissions. At the same time, green trade barriers such as CBAM (Carbon Border Adjustment Mechanism) from the EU have started taking effect, requiring Vietnamese steel manufacturers to adopt clear emission reduction pathways in order to maintain their export capacity and global integration. (Source: Ministry of Industry and Trade) VSA Sets Net Zero Target and Recommends Concrete Actions At the 6th Congress, VSA set a clear vision: Vietnam’s steel industry will aim for carbon neutrality (Net Zero) by 2050. To achieve this goal, the association recommends that businesses take the following actions: Transition to Electric Arc Furnace (EAF) technology to reduce dependence on blast furnaces Apply Carbon Capture, Utilization, and Storage (CCUS) technologies Increase the use of recycled materials and renewable energy Conduct greenhouse gas inventories and product life cycle assessments, following international standards such as ISO 14064-1:2018 and ISO SO14067:2018. Implementing these standards not only enhances

06.19.2025

TAY NAM STEEL AFFIRMS ENVIRONMENTAL RESPONSIBILITY WITH ISO 14064-1:2018 AND ISO 14067:2018 CERTIFICATIONS

06.19.2025

TON TAY NAM AFFIRMS ENVIRONMENTAL RESPONSIBILITY WITH ISO 14064-1:2018 AND ISO 14067:2018 CERTIFICATIONS

On June 17, 2025, at the headquarters of Tay Nam Steel Production & Trading Co., Ltd. (Ton Tay Nam), the Certification Ceremony for ISO 14064-1:2018 and ISO 14067:2018 standards was held, certified by BSI Vietnam. This is a significant milestone that marks Ton Tay Nam’s strong commitment to a sustainable development strategy, greenhouse gas emissions control, and the pursuit of minimizing the carbon footprint in industrial production. ISO 14064-1:2018 and ISO 14067:2018 – Two Key Standards in Emissions Management ISO 14064-1:2018 is an international standard that provides guidance on identifying, measuring, and reporting greenhouse gas (GHG) emissions at the organizational level. Meanwhile, ISO 14067:2018 focuses on quantifying the Product Carbon Footprint (PCF) of individual products, thereby helping businesses develop emission reduction strategies tailored to each specific value chain. Speaking at the ceremony, Mr. Doan Van Khai – Business Development Director of BSI Vietnam, highly praised the efforts made by Ton Tay Nam to achieve these rigorous standards. “I’m truly impressed by Ton Tay Nam’s proactive and serious approach to adopting international standards. The company’s implementation of GHG inventory in accordance with ISO 14064-1:2018 and its product carbon footprint assessment following ISO 14067:2018—something not all businesses are ready to pursue—demonstrates a strong commitment to sustainable development and environmental data transparency. These are values increasingly prioritized by the global market,” he emphasized.” Sustainable Commitment – A Milestone on the Green Development Journey At the ceremony, Mr. Bui Van Hung – Assistant to the General Director, in charge of system management, emphasized: “We are committed to continuously maintaining and improving our greenhouse gas management system in particular, and environmental management system in general. We will closely monitor emissions data and progressively reduce the carbon footprint of each product. In the context of globalization and increasingly strict requirements from international markets—such as the EU’s

03.28.2025

EU TIGHTENS IMPORT REGULATIONS, VIETNAMESE STEEL FACES CHALLENGES

As countries tighten regulations on emissions and trade, Vietnam’s steel industry is facing significant risks due to the European Union’s (EU) new policies. The EU’s stricter Carbon Border Adjustment Mechanism (CBAM) and protective measures for domestic industries are not only increasing export costs but also creating new barriers for Vietnamese businesses. EU Strengthens Steel Import Controls Recently, the European Commission (EC) announced its Steel and Metals Action Plan, which aims to tighten import control measures, particularly regarding “clean steel.” This poses major challenges for Vietnam’s steel industry, which heavily relies on the EU as a key export market. Tightening the Carbon Border Adjustment Mechanism One of the EC’s key measures is expanding the CBAM to cover downstream steel and aluminum products. The Commission is concerned that businesses may circumvent regulations by making minor modifications to goods or importing downstream products from countries with weaker climate policies. As a result, the EC has pledged to conduct a comprehensive CBAM review in Q4 2025 and propose new legislation to expand its scope while implementing strategies to prevent circumvention. Protecting the European Steel Industry To further safeguard the domestic steel industry, the EC plans to adjust its trade defense mechanisms, including: Reducing steel imports subject to safeguard measures by 15%, achieved by lowering the liberalization rate from 1% to 0.1%, eliminating transition mechanisms, and restricting quota access. Implementing a new long-term safeguard measure from July 1, 2026, after the current measure expires on June 30, 2026. Strengthening trade defense investigations into the aluminum sector, with additional measures expected soon. Applying the “melt and cast” origin rule to prevent tariff circumvention by shifting production stages to non-targeted countries. Challenges for Vietnam’s Steel Industry The EU is currently Vietnam’s largest steel export market, accounting for 23% of total exports. However, with the new import

04.09.2025

THE DOMESTIC STEEL INDUSTRY STRONGLY RECOVERS, READY TO BREAK THROUGH IN 2025

(Tay Nam Steel) – April 9, 2025 – As 2024 draws to a close, Vietnam’s steel industry is showing strong signs of recovery after a prolonged period of stagnation. The rebound in both domestic and international markets, combined with government stimulus policies for public investment, has created a positive momentum for the entire sector. Amid this landscape, Tay Nam Steel has proactively restructured its production and business operations, ready to break through in 2025 with a flexible strategy and long-term vision. After a prolonged downturn during 2022–2023, Vietnam’s steel industry began showing clear signs of recovery in early 2024 and is expected to make a strong comeback in 2025. This is a positive signal not only for major corporations but also opens up growth opportunities for steel producers and distributors across the country. Production and consumption on the rise According to data from the Vietnam Steel Association (VSA), in Q1 2024, the output of finished steel reached 7.06 million tons, up 5.5% year-on-year. Meanwhile, domestic steel consumption rose sharply to 6.68 million tons, a 10% increase. Notably, steel exports recorded an impressive 36% growth, reaching 2.25 million tons. Domestic steel prices show strong recovery Notably, domestic steel prices have rebounded from multi-year lows and stabilized around VND 14 million per ton. Specifically, the price of CB240 rolled steel has increased by approximately VND 910,000 per ton over just five months. Protective policies fuel growth for local enterprises At the end of October 2024, the Ministry of Industry and Trade officially extended anti-dumping duties on color-coated steel imports from China and South Korea for an additional five years. This move reduces competitive pressure and creates favorable conditions for domestic companies to boost production and expand their market share. At the same time, the Vietnamese Government is ramping up public investment in