TAY NAM STEEL LIGHTS UP MARCH 8 WITH THE “DREAMY BEAUTY, RADIANT CELEBRATION” EVENT

(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

“Every homeland sky is part of the nation’s sky.” Every sturdy roof, every safe structure forms the foundation for a sustainable journey of growth. In accordance with the Resolution of the National Assembly Standing Committee, the administrative boundary adjustments will officially take effect on July 1, 2025. Tay Nam Steel Production and Trading Co., Ltd. (Tôn Tây Nam) would like to inform you of our updated address from that date as follows: Head Office: Thien Loc Thanh Industrial Cluster, Hamlet 4, My Le Commune, Tay Ninh Province, Vietnam Representative Office: 1073–1074, Thai Son Residential Area, East–West Road, Nha Be Commune, Ho Chi Minh City As a company operating in the building materials industry, Tay Nam Steel is always ready to accompany every transformation in infrastructure, economy, and local development across the country. Currently, Tay Nam Steel has a distribution network covering 34 provinces and cities in Vietnam and over 50 countries worldwide. We are committed to delivering swift and efficient service to all types of projects — from modern urban centers to rural developments, from industrial zones to coastal and remote mountainous areas. We believe that every step in the nation’s progress inspires us to walk alongside and contribute — from building solid rooftops to creating enduring structures that stand the test of time. Tay Nam Steel – Buil to last #TayNamSteel #BuiltToLast #AdministrativeBoundaryChange #BuildingMaterials #GalvanizedSteel #OfficialAnnouncemen

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

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