Domestic steel demand is anticipated to rise this year due to the civil construction recovery and the positive impacts of the global steel market.
According to the Vietnam Steel Association, the steel consumption in the domestic market this year is expected to increase by 6.4 per cent compared to 2023, reaching 21.6 million tonnes. Specifically, growth in steel consumption for construction could reach up to 8 per cent.

In early April, the Ministry of Industry and Trade published its development plan for Vietnam&#39;s steel industry. Specifically, construction steel has met domestic consumption needs, while hot-rolled and cold-rolled steel sheets have partially met demand.

Domestic steel demand is anticipated to rise this year due to the civil construction recovery and the positive impacts of the global steel market.
According to the Vietnam Steel Association, the steel consumption in the domestic market this year is expected to increase by 6.4 per cent compared to 2023, reaching 21.6 million tonnes. Specifically, growth in steel consumption for construction could reach up to 8 per cent.

In early April, the Ministry of Industry and Trade published its development plan for Vietnam's steel industry. Specifically, construction steel has met domestic consumption needs, while hot-rolled and cold-rolled steel sheets have partially met demand.