Except for Hoa Phat, most steelmakers have set conservative targets for 2025

The Vietnamese steel market is a lucrative piece of cake that many businesses compete for, with many new forces emerging.

Steel production and consumption in the first eleven months of 2022 fell 11.3 percent and 6.8 percent, respectively, year-on-year.

Since the beginning of the third quarter of 2022, steel exports have tended to slow down continuously compared to the same period in 2021.