Viet Nam has officially surpassed Italy to become one of the workd's top 10 steel producers.

The World Steel Association (Worldsteel) has released its latest rankings of the world’s largest crude steel producers, marking the first time Viet Nam has secured a position in the global Top 10.

According to Worldsteel’s estimates for April 2026, Viet Nam’s crude steel output reached 2.1 million tons, a 4% increase compared to the same period last year. With this achievement, Viet Nam has officially surpassed Italy to become one of the world's top 10 steel producers. 

For the first four months of the year, Viet Nam’s total crude steel production reached 8.5 million tons, up 8.4% over the same period in 2025.

The Viet Nam Steel Association (VSA) highlighted that the industry has undergone a major transformation in both production scale and product diversity. In 2000, domestic steel mills were largely dependent on imported billets for construction steel. However, over the past decade, and particularly since 2010, the industry has made remarkable strides toward self-sufficiency.

Today, Vietnamese steel enterprises are capable of manufacturing a comprehensive range of products to meet all economic sectors, including mechanical engineering, shipbuilding, energy (wind power and oil rigs), and the defense industry.

Viet Nam’s ascent in the global rankings has been steady and rapid. In 2023, the country ranked 12th worldwide with a crude steel output of 20 million tons. By 2025, production rose to 24.6 million tons, making Viet Nam the largest producer in Southeast Asia and the 11th largest globally, before officially breaking into the Top 10 this year.

Source: VnEconomy 

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