China crude steel output hits eight-year low in April Tata Steel shares slip despite strong Q4 results Global steel prices rise across major markets Goldman Sachs sees stable steel price outlook
Vietnam’s VinMetal, a Vingroup subsidiary, has signed a strategic cooperation agreement with Primetals Technologies to develop a large-scale integrated steel complex in Ha Tinh province. The project will be located in the Vung Ang Economic Zone, with first-phase operations targeted for 2027.
The new complex is expected to produce both long steel and flat steel products for domestic infrastructure, industrial demand, and export markets. Primetals will support VinMetal across ironmaking, steelmaking, rolling, technical integration, workforce training, operations, maintenance, and digital transformation.
The project aims to use advanced, digitalized, and lower-emission technologies aligned with international ESG standards. For Southeast Asia’s steel industry, the development signals Vietnam’s growing ambition to strengthen local steel production and compete in high-grade steel markets.
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