Steel market overview on May 28, 2025: Domestic growth - Export stagnation, world many fluctuations

Vietnam Steel Market: Domestic Growth, Export Challenges
In 2025, Vietnam's steel industry will record a positive recovery thanks to public investment projects and the stability of the real estate market. Steel production and consumption are forecast to reach 32.9 million tons (up 12%) and 32.5 million tons (up 11%) respectively compared to 2024.

However, steel exports are being restrained due to the increasing protectionism trend from major markets such as the US and EU, causing domestic enterprises to face many trade barriers.

Global Steel Market: Fluctuations due to Trade Policy and Corporate Mergers
In the international market, the steel industry is experiencing many fluctuations:

• Global demand: Global steel demand is forecast to increase by only about 1.2% in 2025, reaching about 1.77 billion tons, due to many difficulties and geopolitical instability in the global economy.
• Corporate mergers: Nippon Steel is pursuing a $14.9 billion acquisition of United States Steel. The deal includes retaining an American CEO and the US government's veto power in strategic decisions, to address national security concerns.

Reviews and forecasts
Vietnam's steel industry is showing positive signs from domestic demand, but still faces challenges from the export market. Internationally, political and trade factors continue to affect prices and supply and demand. Businesses in the industry need to closely monitor these developments to adjust their business strategies accordingly.