Overview of 2024 - 2025 Performance
After a period of fluctuation, Vietnam's steel industry has shown remarkable resilience. In 2024, total steel exports reached approximately 12.62 million tonnes, marking a 13.47% increase in volume compared to 2023. However, 2025 was a challenging year as export volume dipped by over 20% to 10.06 million tonnes, with export value falling to $6.63 billion due to depressed global prices and oversupply.
Current Status and Recovery (Early 2026)
The industry is currently on a recovery path. In the first four months of 2026, Vietnam exported 3.94 million tons of steel, earning $2.57 billion. This represents a stable growth of nearly 3% in both volume and value compared to the same period in 2025, supported by a gradual recovery in world prices.
Key Export Markets
Vietnam's export strategy has shifted from traditional markets toward high-growth regions:
ASEAN & Cambodia: Cambodia remains a top market, accounting for a significant share of export volume due to geographical proximity and stable trade relations.
India: India has emerged as a crucial high-value market, with export prices averaging $1,127 per ton in early 2026—the highest among major destinations.
United States & EU: While these remain important, they face stricter technical barriers and trade defense measures, such as the Carbon Border Adjustment Mechanism (CBAM) in the EU and high anti-dumping duties in the US.
Challenges and Strategic Outlook
The industry continues to navigate several hurdles:Trade Barriers: Increasing trade defense investigations and carbon emission regulations like CBAM require Vietnamese firms to invest in "green" production technologies.
Price Competition: Fierce competition from major producers like China continues to put pressure on profit margins.
Market Diversification: Successful expansion into the Middle East and South Asia (notably Turkey and India) is helping reduce dependence on struggling traditional markets like South Korea and Australia.
Vy An Group: Elevating Vietnamese Steel and Resources on the Global Stage
In the rapidly evolving landscape of Southeast Asian heavy industry, Vy An Group has emerged as a strategic player, bridging the gap between Vietnam’s rich natural resources and the high demands of the international market. Specializing in the trade and export of iron ore and industrial materials, the group plays a vital role in the global supply chain, ensuring that high-quality Vietnamese products reach major manufacturing hubs worldwide.
A Pioneer in Resource Export
Vy An Group is recognized as a pioneering enterprise in the mining and export of concentrated iron ore. By sourcing raw materials from premium deposits in regions such as Thach Khe (Ha Tinh), Lao Cai, and Yen Bai, the group ensures a steady supply of high-grade ore (Fe 50-65%) that meets rigorous international standards.
Diverse Product Portfolio
While iron ore remains a cornerstone of its operations, Vy An Group has diversified its export portfolio to meet the multifaceted needs of global industries:
Iron Ore (Lumps & Fines): Processed and sized specifically to the requirements of international importers for steel production.
Industrial Materials: Beyond metals, the group exports large volumes of Calcium Carbonate (CaCO₃) powder, serving the plastics, paint, and construction sectors in the EU and Asia.
Agricultural & Bio-products: Demonstrating versatility, the group is also a known exporter of cashew nut shell pellets and wood chips, catering to demanding markets like Japan and South Korea.
Global Footprint and Standards
Operating out of key logistics hubs such as Cam Pha Port, Vy An Group facilitates bulk ship logistics to ensure efficient global distribution. The group’s commitment to quality is underscored by its adherence to international certifications, including REACH/EU compliance for minerals and FSC/PEFC for wood products, making them a trusted partner for western and regional buyers alike.
Strengthening Vietnam’s Position
The success of companies like Vy An Group mirrors the broader growth of the Vietnamese steel industry, which saw exports reach nearly 4 million tons in the first four months of 2026 alone. By focusing on sustainable sourcing and value-added processing, Vy An Group continues to enhance the reputation of "Made in Vietnam" industrial products across ASEAN, the United States, and the European Union.