베트남의 열간 압연 코일 산업(2025-2034년)

Hot-rolled coil is made from slabs, heated and then rolled through roughing and finishing mills. Hot-rolled coil can be categorized as non-alloy steel coil and alloy steel coil based on its chemical composition. Hot-rolled coil is an important steel product, boasting excellent properties such as high strength, toughness, ease of fabrication, and weldability. It is widely used in manufacturing industries such as ships, automobiles, bridges, construction, machinery, and pressure vessels.

Hot-rolled coils generally include medium-thick wide steel strip, hot-rolled thin wide steel strip, and hot-rolled sheet. Medium-thick wide steel strip refers to steel strip with a thickness >=3 mm and less than 20 mm, and a width >=600 mm, produced using continuous wide strip mills or Steckel mills and delivered in coils. Hot-rolled thin wide steel strip refers to steel strip with a thickness less than 3 mm and a width >=600 mm. Hot-rolled sheet refers to single sheets of steel with a thickness less than 3 mm.

The hot-rolled coil industry boasts a comprehensive industrial chain, encompassing upstream raw material supply, midstream steel smelting and processing, and downstream end-use applications. According to CRI analysis, the upstream mainly includes raw material supply links such as iron ore, coal, coke, scrap steel, and alloy materials. Iron ore is a fundamental raw material for steel production, while coke is a key energy carrier for blast furnace ironmaking. The midstream sector encompasses the production and manufacturing of hot-rolled coil, encompassing processes such as ironmaking, steelmaking, continuous casting, and hot rolling. Downstream applications are extensive and are a key driver of growing demand for hot-rolled coil, primarily in the construction, automotive, and machinery manufacturing industries.

Global demand for hot-rolled coil is generally showing steady growth, driven by a variety of macroeconomic factors and the development of downstream industries. According to CRI analysis, global demand for hot-rolled coil is primarily driven by traditional heavy industries such as construction, machinery manufacturing, automotive, shipbuilding, energy, and pipes. With the global economic recovery and continued increase in infrastructure investment, especially in developing regions such as Asia, Africa, and Latin America, demand for hot-rolled coil continues to grow.

In recent years, demand for hot-rolled coil in Vietnam has continued to grow. According to CRI analysis, Vietnam has been vigorously promoting infrastructure development in recent years, including major projects such as roads, railways, airports, ports, and industrial parks, which has driven strong demand for construction steel and structural components. Furthermore, with the shift in the global manufacturing supply chain, Vietnam is becoming a major manufacturing base, attracting a large number of investments and factories in industries such as home appliances, machinery, electromechanical equipment, and automotive parts. This has directly driven demand for hot-rolled coil in Vietnam.

According to CRI analysis, Vietnam's hot-rolled coil market currently faces a significant supply-demand gap and heavy import dependence. Vietnam's hot-rolled coil production capacity has long been insufficient, with the gap expected to exceed 5 million tons in 2024, resulting in a heavy reliance on imports. The Vietnamese hot-rolled coil market is primarily dominated by two domestic steel mills, Hoa Phat and Formosa Ha Tĩnh. However, these two companies allocate some of their production capacity for export, exacerbating market tensions. This structural gap has made imports the primary supplementary channel, spurring investment in hot-rolled coil processing and downstream further processing projects, creating a "reverse-force" demand growth effect.

According to CRI data, the import value of Vietnam's hot-rolled coil (non-alloy steel) exceeded US$10 billion in 2024 and reached US$10.586 billion. According to CRI analysis, Vietnam's main import sources of hot-rolled coil include China, Japan, South Korea, etc. China is the largest import source, accounting for more than 45% of the total import share.

CRI predicts that, in the long term, with increasing foreign investment in industries such as steel, machinery, and automobiles, Vietnam's demand for hot-rolled coil will continue to have significant growth potential. CRI recommends that global hot-rolled coil manufacturers, importers, exporters, and investors promptly research the Vietnamese market and prepare for expansion into the market. CRI's offices in Shanghai, China, and Hanoi, Vietnam, will assist foreign companies in entering the Vietnamese hot-rolled coil market.

Topics covered:

Overview of the Hot Rolled Coils Industry in Vietnam

The Economic and Policy Environment of Hot Rolled Coils Industry in Vietnam

The Market Size of Hot Rolled Coils Industry in Vietnam (2025-2034)

Analysis of Major Hot Rolled Coils Industry Manufacturers in Vietnam

Main Driving Forces and Market Opportunities of Hot Rolled Coils Industry in Vietnam

What are the main driving forces, challenges and opportunities of Hot Rolled Coils industry in Vietnam during the forecast period of 2025-2034?

Which companies are the main players in Vietnam's Hot Rolled Coils industry market and what are their competitive advantages?

What is the expected revenue of Vietnam's Hot Rolled Coils industry market during the forecast period of 2025-2034?

Which part of Vietnam's Hot Rolled Coils industry market is expected to dominate the market in 2034?

What are the main disadvantages facing Vietnam's Hot Rolled Coils industry?

How can foreign capital enter Vietnam's Hot Rolled Coils industry?

Table of Contents

1 Overview of Vietnam

• 1.1 Geography of Vietnam
• 1.2 Demographics of Vietnam
• 1.3 Economic Condition of Vietnam
• 1.4 Minimum Wages Standard in Vietnam

2 Overview of Hot Rolled Coils Industry

• 2.1 Definition and Classification of the Hot Rolled Coils Industry
  • 2.1.1 Definition of the Hot Rolled Coils Industry
  • 2.1.2 Classification of Hot Rolled Coils
• 2.2 Hot Rolled Coils Industry Chain in Vietnam
  • 2.2.1 Upstream: Raw Material Supply
  • 2.2.2 Midstream: Hot Rolled Coils Processing
  • 2.2.3 Downstream: Application Areas
• 2.3 The Policy Environment of Hot Rolled Coils Industry in Vietnam
• 2.4 CRI's Recommendations for Foreign Companies Investing in Vietnam's Hot Rolled Coils Industry

3 Supply and Demand of Hot Rolled Coils Industry in Vietnam

• 3.1 Supply Analysis
  • 3.1.1 Sources and Output of Hot Rolled Coils in Vietnam
  • 3.1.2 Hot Rolled Coils Supply Structure in Vietnam
  • 3.1.3 Factors Affecting Hot Rolled Coils Production in Vietnam
• 3.2 Demand Analysis
  • 3.2.1 Market Size of Hot Rolled Coils in Vietnam
  • 3.2.2 Analysis of Downstream Application Demand of Hot Rolled Coils in Vietnam
  • 3.2.3 Factors affecting Hot Rolled Coils Demand in Vietnam

4 Import and Export of Hot Rolled Coils Industry in Vietnam

• 4.1 Import Situation of Vietnam's Hot Rolled Coils Industry
  • 4.1.1 Import Volume of Hot Rolled Coils in Vietnam
  • 4.1.2 Main Import Sources of Vietnam's Hot Rolled Coils
• 4.2 Export Situation of Vietnam's Hot Rolled Coils Industry
  • 4.2.1 Export Volume of Hot Rolled Coils in Vietnam
  • 4.2.2 Export Destinations of Vietnam's Hot Rolled Coils

5 Market Competition of Hot Rolled Coils Industry in Vietnam

• 5.1 Entry Barriers to Vietnam's Hot Rolled Coils Industry
  • 5.1.1 Technical Barriers
  • 5.1.2 Regulatory Approval Barriers
  • 5.1.3 Capital Investment Barriers
• 5.2 Competition Structure in Vietnam's Hot Rolled Coils Industry
  • 5.2.1 Bargaining Power of Suppliers
  • 5.2.2 Bargaining Power of Consumers
  • 5.2.3 Competition in Vietnam's Hot Rolled Coils Industry
  • 5.2.4 Potential of New Entrants
  • 5.2.5 Threat of Substitutes

6. Analysis of Main Companies of Vietnam's Hot Rolled Coils

• 6.1 Hoa Phat Group
  • 6.1.1 Development History
  • 6.1.2 Main Business
  • 6.1.3 Operation Model
• 6.2 Formosa Ha Tinh Steel Corporation
  • 6.2.1 Development History
  • 6.2.2 Main Business
  • 6.2.3 Operation Model

7. Outlook of Hot Rolled Coils Industry in Vietnam 2025-2034

• 7.1 Analysis of Development Factors of Vietnam's Hot Rolled Coils Industry
  • 7.1.1 Driving Force and Development Opportunities of Vietnam's Hot Rolled Coils Industry
  • 7.1.2 Threats and Challenges Faced by Vietnam's Hot Rolled Coils Industry
• 7.2 Supply Forecast of Hot Rolled Coils Industry in Vietnam
• 7.3 Demand Forecast of Hot Rolled Coils Market in Vietnam
• 7.4 Import and Export Forecast of Hot Rolled Coils Industry in Vietnam

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