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Vietnam's steel industry
Latest news related to the Vietnamese steel industry.
Global steel market in February 2026: Iron ore prices remain stable at $99-102 per ton.
The global steel market faced pressure from oversupply in February 2026 as demand in China recovered slowly, directly impacting steel prices and Vietnam's exports.
Market
Vietnam approves the Steel Industry Development Strategy until 2050 with a target of 70 million tons of crude steel.
Deputy Prime Minister Bui Thanh Son approved the steel industry strategy, orienting the transformation towards high value-added products, green steel, and maximizing domestic demand.
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