Report Update Mar 1, 2026

Vietnam - Slabs, Billets and Blooms of Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Market for Slabs, Billets And Blooms Of Iron And Steel 2025

Market Size for Slabs, Billets And Blooms Of Iron And Steel in Vietnam

In 2024, the Vietnamese market for slabs, billets and blooms of iron and steel decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Production of Slabs, Billets And Blooms Of Iron And Steel in Vietnam

In value terms, production of slabs, billets and blooms of iron and steel totaled $X in 2024 estimated in export price. Over the period under review, production showed a perceptible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Production of peaked at $X in 2021; however, from 2022 to 2024, production remained at a lower figure.

Exports of Slabs, Billets And Blooms Of Iron And Steel

Exports from Vietnam

In 2024, exports of slabs, billets and blooms of iron and steel from Vietnam contracted to X tons, with a decrease of X% on 2023 figures. Over the period under review, exports, however, posted a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2024, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of slabs, billets and blooms of iron and steel declined to $X in 2024. In general, exports, however, saw a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2024, the growth of the exports of remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Brazil (X tons) were the main destinations of exports of slabs, billets and blooms of iron and steel from Vietnam, together comprising X% of total exports. Italy, the UK, the Philippines, Turkey, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2024, the biggest increases were recorded for Turkey (with a CAGR of X.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for slabs, billets and blooms of iron and steel exported from Vietnam were China ($X), Italy ($X) and South Korea ($X), with a combined X% share of total exports. Brazil, the UK, the Philippines, Turkey, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for slabs, billets and blooms of iron and steel stood at $X per ton in 2024, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slabs, Billets And Blooms Of Iron And Steel

Imports into Vietnam

In 2024, the amount of slabs, billets and blooms of iron and steel imported into Vietnam was estimated at X tons, approximately reflecting the year before. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2024, the growth of imports of failed to regain momentum.

In value terms, imports of slabs, billets and blooms of iron and steel expanded modestly to $X in 2024. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2024, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2024, Japan (X tons) constituted the largest supplier of slabs, billets and blooms of iron and steel to Vietnam, accounting for a X% share of total imports. Moreover, imports of slabs, billets and blooms of iron and steel from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2024, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

In value terms, Japan ($X) constituted the largest supplier of slabs, billets and blooms of iron and steel to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2024, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2024, the average import price for slabs, billets and blooms of iron and steel amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Frequently Asked Questions (FAQ) :

What are the largest markets for slabs, billets and blooms of iron and steel in the world?

China remains the largest slabs, billets and blooms of iron and steel consuming country worldwide, accounting for 69% of total volume. Moreover, consumption of slabs, billets and blooms of iron and steel in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The United States ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of slabs, billets and blooms of iron and steel in the world?

China constituted the country with the largest volume of production of slabs, billets and blooms of iron and steel, comprising approx. 69% of total volume. Moreover, production of slabs, billets and blooms of iron and steel in China exceeded the figures recorded by the second-largest producer, India, eightfold. Russia ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of slabs, billets and blooms of iron and steel to Vietnam?

In value terms, Japan constituted the largest supplier of slabs, billets and blooms of iron and steel to Vietnam, comprising 70% of total imports. The second position in the ranking was taken by Taiwan Chinese), with a 12% share of total imports. It was followed by South Korea, with a 9.1% share.

What are the leading importers of slabs, billets and blooms of iron and steel from Vietnam?

In value terms, the largest markets for slabs, billets and blooms of iron and steel exported from Vietnam were China, the Philippines and Taiwan Chinese), with a combined 84% share of total exports.

What is the average export price for slabs, billets and blooms of iron and steel in Vietnam?

The average export price for slabs, billets and blooms of iron and steel stood at $611 per ton in 2024, picking up by 5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 28% against the previous year. As a result, the export price reached the peak level of $639 per ton. From 2023 to 2024, the average export prices remained at a somewhat lower figure.

What is the average import price for slabs, billets and blooms of iron and steel in Vietnam?

In 2024, the average import price for slabs, billets and blooms of iron and steel amounted to $471 per ton, almost unchanged from the previous year. Overall, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 8.5% against the previous year. Over the period under review, average import prices reached the maximum at $675 per ton in 2012; however, from 2013 to 2024, import prices remained at a lower figure.

This report provides a comprehensive view of the slabs, billets and blooms of iron and steel industry in Vietnam, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the slabs, billets and blooms of iron and steel landscape in Vietnam.

Key findings

Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for Vietnam. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions

Product coverage

Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
Prodcom 241021Z0 - Ingots, other primary forms and long semi-finished products, o f non-alloy steel
Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
Prodcom 241022Z0 - Ingots, other primary forms and long semi-finished products, o f stainless steel
Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
Prodcom 241023Z0 - Ingots, other primary forms and long semi-finished products, o f alloy steel other than stainless steel

Country coverage

Vietnam

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Vietnam. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links slabs, billets and blooms of iron and steel demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Vietnam.

Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context

How to use this report

Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of slabs, billets and blooms of iron and steel dynamics in Vietnam.

FAQ

What is included in the slabs, billets and blooms of iron and steel market in Vietnam?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for Vietnam.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND THE AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. MARKET STRUCTURE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
3. TRADE BALANCE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
5. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export
- This Chapter is Available Only for the Professional EditionPRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
LIST OF TABLES
1. Key Findings In 2025
2. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
3. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
4. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
5. Imports, In Physical Terms, By Country, 2012–2025
6. Imports, In Value Terms, By Country, 2012–2025
7. Import Prices, By Country, 2012–2025
8. Exports, In Physical Terms, By Country, 2012–2025
9. Exports, In Value Terms, By Country, 2012–2025
10. Export Prices, By Country, 2012–2025
LIST OF FIGURES
1. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
2. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
5. Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
6. Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
7. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
8. Market Volume Forecast to 2035
9. Market Value Forecast to 2035
10. Market Size and Growth, By Product
11. Average Per Capita Consumption, By Product
12. Exports and Growth, By Product
13. Export Prices and Growth, By Product
14. Production Volume and Growth
15. Exports and Growth
16. Export Prices and Growth
17. Market Size and Growth
18. Per Capita Consumption
19. Imports and Growth
20. Import Prices
21. Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
22. Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
23. Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
24. Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
25. Imports, In Physical Terms, By Country, 2025
26. Imports, In Physical Terms, By Country, 2012–2025
27. Imports, In Value Terms, By Country, 2012–2025
28. Import Prices, By Country, 2012–2025
29. Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
30. Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
31. Exports, In Physical Terms, By Country, 2025
32. Exports, In Physical Terms, By Country, 2012–2025
33. Exports, In Value Terms, By Country, 2012–2025
34. Export Prices, By Country, 2012–2025

Feb 16, 2026

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