This marks a significant milestone as Vietnam, for the first time, surpassed several countries to join the top 10 largest crude steel producers in the world, following steel manufacturing powerhouses such as China, India, the United States, Japan, South Korea, Russia, Turkey, Germany, and Brazil.
Main Information
In the first four months of 2026, Vietnam achieved an official crude steel output of 9.7 million tons according to aggregated data from the Vietnam Steel Association (VSA), ranking 10th in the world in crude steel production, nearly matching Brazil in 9th place (10.8 million tons) based on WSA's aggregated data at the end of May 2026. It is evident that the high growth in crude steel production not only reflects a strong expansion in production scale but also indicates the Vietnamese steel industry's shift towards synchronized, modern, and closed-loop investments—from upstream to downstream production—demonstrating the industry's increasingly high autonomy in the global industrial supply chain. However, it should also be noted that due to the recent conflict in Iran (which ranked 10th in crude steel production with 31.8 million tons in 2025), the total output for the first four months does not yet truly reflect the actual global rankings.
Production
Previously, in 2024 - 2025, Vietnam recorded a crude steel output of approximately 24.6 million tons, an increase of 12.3% compared to the previous year. Vietnam maintained its leading position in Southeast Asia and ranked 11th globally for two consecutive years (2024 - 2025) in crude steel production.
Statistics
According to statistics from the Vietnam Steel Association, by the end of the first four months of 2026:
- Crude steel production reached approximately 9.7 million tons, an increase of 23.5% compared to the same period in 2025.
- Crude steel consumption reached approximately 9.2 million tons, up 18.7% compared to the same period in 2025. Of this, crude steel exports accounted for over 1 million tons, a decrease of 2.4% compared to the same period in 2025.
Fluctuation
Domestic steel billet prices increased by 100 - 200 VND/kg, maintaining a range of 13,550 VND/kg to 13,950 VND/kg in late April and early May 2026. The traded price of steel billets at Southeast Asian ports on May 15, 2026, was approximately 505 USD/ton, an increase of 15 USD compared to the trading price in early April 2026.
Read the original article on the VSA website: https://vsa.com.vn/viet-nam-dung-thu-10-the-gioi-v...
