Introduction – Vietnam’s Steel Wires Market by the Numbers
Vietnam is making serious waves in the global steel wire industry. With a production capacity that places it among the top 15 steel producers worldwide, Vietnam has become a go-to hub for steel wire exports. In 2023, the country produced over 19.2 million metric tons of crude steel, and about 12.5 million metric tons of long products, including wire rods and rebar – the raw materials used to make steel wires.
Now, why does this matter to you? If you’re in the steel wire business—whether you’re sourcing, distributing, or manufacturing—you need reliable suppliers. But here’s the catch: not all suppliers are created equal. That’s where a data-driven approach becomes crucial. Platforms like Freshdi can give you real-time market insights, supplier verifications, and RFQ trends to make smarter, faster decisions.
Deep Dive – Key Production, Export Statistics & Current Demand Data
Let’s zoom in on the numbers. Vietnam’s steel wire production is part of a larger, booming steel industry that has seen major developments over the past few years.
Production & Export Stats
- Crude Steel Production (2023): 19.2 million metric tons
- Finished Steel Products: 19 million metric tons
- Long Products (Incl. Wire Rods): 12.5 million metric tons
- Steel Exports (Q1 2024): Over 3.23 million tons
- Revenue from Q1 2024 Exports: Nearly $2.4 billion
- Year-over-Year Growth in Exports: 42% increase in volume, 40.1% in value
Top Export Destinations
- ASEAN (31%) – Cambodia leads the pack.
- European Union (23%) – Italy, Belgium, and Spain are big buyers.
- United States – 1.08 million metric tons in 2023, up nearly 59%.
Challenges & Trade Measures
- Anti-Dumping Investigations: Mexico launched one in Oct 2025 targeting twisted steel cable imports.
- Low-Cost Imports: China continues to flood the Vietnamese market, leading to local competition.
- Protective Tariffs: Vietnam responded with anti-dumping duties ranging from 9.79% to 28% on steel wire ropes from Malaysia, Thailand, and China starting in January 2025.
Demand Signals via Freshdi
Freshdi’s RFQ dashboard shows a rising trend in inquiries for prestressed steel wire and galvanized wire, particularly from construction and infrastructure sectors. This aligns with Vietnam’s growing export numbers, especially to markets like Cambodia and India, which are scaling up infrastructure spending.
Top 8 Verified Steel Wires Suppliers in Vietnam – Leading Exporters by Volume
Selecting the right supplier isn’t just about price—it’s about quality, consistency, and a proven export record. Based on export volume, certifications, and user feedback from Freshdi, here are the Top 8 Steel Wires Suppliers in Vietnam in 2025:
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Baowu Construction And Iron Steel Company Limited
Known for high-tensile steel wires, Baowu has strong export ties with the EU and Southeast Asia. They specialize in galvanized and prestressed wire products. -
United Nail Products Co., Ltd.
A veteran in the industry, this company supplies steel nails and wires, with an emphasis on quality control and international certifications like ISO 9001. -
Hoa Phat Steel Wire Co., Ltd.
A subsidiary of the Hoa Phat Group, this firm is a dominant player in long steel products and has a robust domestic and international distribution network. -
Vina One Steel Production Joint Stock Company
Vina One is known for its diversified steel product line, including cold-drawn and annealed steel wires. They focus heavily on R&D and precision manufacturing. -
Pomina Steel Corporation
Pomina has been expanding its export markets aggressively and offers innovative steel wire solutions tailored to construction and industrial applications. -
Vietnam-Italy Steel Joint Stock Company (VIS)
With strong Italian backing, VIS brings European-grade quality to its steel wire production. It’s a preferred choice for buyers in the EU. -
Thep Viet Steel Corporation
Specializes in wire rods and steel wire mesh. Their modern production lines ensure high output and consistent quality for export. -
Tung Ho Steel Vietnam Corporation
Backed by Taiwan’s Tung Ho Group, this firm has a strong focus on high-grade wire rods and serves both domestic and overseas clients.
Dynamic Ranking Note: These rankings are based on recent export data and supplier activity as recorded on Freshdi. Rankings can vary over time due to quarterly performance, certifications, and buyer feedback. Stay updated with Freshdi’s “Suppliers of the Month” feature for real-time insights.
Market Navigation – Statistical Trends, Price Insights & Export Dynamics
Understanding the steel wire market isn’t just about who produces it—it’s about when, where, and why it sells.
Demand Trends by Product Type
- Rebar & Prestressed Wire: Seeing high demand due to the resurgence of real estate projects and infrastructure builds.
- HRC (Hot Rolled Coil): Domestic consumption grew by 20% in 2025, reaching 9.5 million tons.
- Galvanized Wire: Remains popular for fencing and construction mesh, especially in ASEAN countries.
Export Declines Amid Trade Barriers
2025 wasn’t without its hurdles. Tariff barriers from the U.S. and EU impacted Vietnam’s steel exports:
- HRC Exports: Down 47% (1.4 million tons)
- Coated Steel Exports: Down 64% (0.8 million tons)
- Total Export Decline: 35% YoY in 2025
Domestic Growth as a Silver Lining
While exports struggled, the domestic market did the heavy lifting:
- Domestic Steel Consumption (2025): 23 million tons (up 10%)
- Rebar Consumption: Up 15%
- Public Infrastructure Spending: Key growth driver
Price Dynamics – What to Expect
Steel wire prices in Vietnam aren’t static. Here’s how they moved in 2025:
- Q1 2025: Prices dipped due to falling demand and input costs.
- Q2–Q3 2025: Prices started climbing, reaching ~14,000 VND/kg.
- Q4 2025: Prices hit 14,500–15,000 VND/kg, fueled by peak construction season.
In August 2025, Formosa Ha Tinh Steel bumped up wire rod prices by US$10 per ton—the first such hike in nine months. This was in response to clearer U.S. tariff policies and rising Chinese steel prices.
Conclusion – Leveraging Data for Optimized Supply Chains
Vietnam’s steel wire industry is brimming with potential—but it’s also navigating global headwinds. Here’s a quick recap:
- Strengths: Diversified export markets, strong domestic demand, and competitive pricing.
- Challenges: Tariff barriers, anti-dumping cases, and competition from lower-cost imports.
- Opportunities: Growing demand in ASEAN, real estate recovery, and public investment projects.
When choosing a supplier, don’t just go with the biggest name. Look at their export history, compliance record, and current activity. Platforms like Freshdi help you do that by offering:
- Verified supplier profiles
- Real-time RFQ data
- Trade statistics and market trends
- Dynamic supplier rankings
Whether you’re an importer, trader, or manufacturer, tapping into Freshdi’s insights can give you that competitive edge in 2025 and beyond.
Key Takeaways
- Vietnam is a global steel production leader, with a strong presence in wire exports.
- Domestic consumption is rising, balancing out export slowdowns.
- Anti-dumping duties and tariffs are reshaping supply chain strategies.
- Freshdi offers crucial tools to evaluate suppliers, monitor RFQ trends, and streamline sourcing.
Steel Wires Buyer’s Checklist (Vietnam Edition)
- ✅ Check supplier’s export history and certifications
- ✅ Monitor seasonal pricing on Freshdi
- ✅ Review anti-dumping duties and tariff updates
- ✅ Validate supplier profiles using Freshdi’s verification tools
- ✅ Align purchasing with construction season peaks
Future Outlook – What’s Next for Vietnam’s Steel Wire Industry?
Looking ahead, Vietnam’s steel wire industry is expected to:
- Embrace digital sourcing and B2B platforms like Freshdi
- Shift focus to high-value, niche wire products
- Expand into emerging markets like India and Africa
- Invest in automation and eco-friendly production methods
The landscape is shifting, and those who adapt will win. With tools like Freshdi, you can stay ahead of the curve and make smarter, faster decisions.
FAQs
1. What are the main types of steel wires exported from Vietnam?
Prestressed steel wire, galvanized wire, and cold-drawn wire are among the most commonly exported products.
2. How do I verify a Vietnamese steel wire supplier?
Use platforms like Freshdi to check supplier certifications, export history, and buyer reviews.
3. Are steel wire prices expected to rise in 2025?
Yes, especially during peak construction seasons. Prices rose to 14,500–15,000 VND/kg in Q4 2025.
4. Why did steel exports from Vietnam decline in 2025?
Due to trade protection measures from the U.S. and EU, including tariffs and anti-dumping duties.
5. Can small businesses source directly from Vietnam?
Absolutely. With Freshdi, even small buyers can issue RFQs, compare suppliers, and negotiate directly.
References
- news.metal.com
- mrssteel.com.vn
- gtjai.com.vn
- english.vov.vn
- english.thesaigontimes.vn
- yieh.com
- asemconnectvietnam.gov.vn
- mbs.com.vn
- mbs.com.vn
- yieh.com
