Vietnam Cold Rolled Stainless Steel Market: Production, Demand, Trade Analysis, and Price Trends (2021–2025)

Report Format: PDF+Excel | Report ID: SR112025A44634

Vietnam Cold Rolled Stainless Steel Market Summary:

The Vietnam cold-rolled stainless steel market demand reached a volume of 860,166 tons, while production stood at 997,931 tons in 2024. The market is driven by rapid industrialization and increasing infrastructure. The market is also supported by rising demand from construction, automotive, electronics, appliances, and industrial machinery sectors.

Key Takeaways:

The Vietnam cold-rolled stainless-steel market recorded demand of 860,166 Tons in 2024.
Market growth is driven by large-scale infrastructure projects, rising FDI in electronics and automotive manufacturing, urbanization, and growing middle-class consumption.
Segmentation highlights: Grade (200 Series, 300 Series and 400 Series)

Market Dynamics:

Key Market Trends & Growth Drivers:

Rapid Infrastructure and Construction Growth

Vietnam’s ambitious infrastructure pipeline covering metro systems in Hanoi and Ho Chi Minh City, expressways, ports, and airports, is a major driver for cold-rolled stainless steel demand. Stainless steel is increasingly preferred for cladding, structural components, and architectural applications due to its corrosion resistance, durability, and aesthetic appeal.

Expansion of Vietnam as a Manufacturing and Industrial Hub

Vietnam’s emergence as a regional manufacturing hub is a major structural driver for cold rolled stainless steel demand. The country has attracted substantial foreign direct investment (FDI) into electronics, machinery, automotive, and industrial equipment manufacturing. Cold rolled stainless steel is a critical input for these industries, offering superior surface finish, dimensional accuracy, and formability. Manufacturing and processing activities accounted for around 60% of newly registered capital, highlighting a shift toward higher-value industries that require premium-grade stainless steel products

Strong Growth in Electronics and High-Technology Industries

Vietnam holds a strong position in the global electronics value chain, serving as a major production base for multinational companies. Electronics manufacturing requires precision-grade cold rolled stainless steel for equipment housings, panels, structural frames, and clean manufacturing environments. Ongoing investments in high-tech zones, semiconductor projects, and data centers, particularly in Ho Chi Minh City and surrounding industrial parks, are reinforcing long-term demand for high-quality 300-series cold rolled stainless steel.

Key Market Challenges:

Discontinuation of Anti-Dumping Measures and Rising Import Competition

Vietnam’s decision in 2024 to discontinue anti-dumping duties on cold rolled stainless steel imports from Taiwan, Indonesia, Malaysia, and China has significantly increased competitive pressure in the domestic market. With duties removed, suppliers from these countries have rapidly increased shipments into Vietnam, intensifying price-based competition. Low-priced imported products, particularly from China, are exerting downward pressure on domestic prices, making it challenging for local mills to compete on cost while maintaining acceptable margins.

Margin Compression for Domestic Manufacturers

The influx of competitively priced imported cold rolled stainless steel is expected to compress profit margins for domestic producers. Local mills often operate with higher cost structures due to smaller scale, imported feedstock dependence, energy costs, and logistics expenses. In contrast, overseas suppliers benefit from integrated production facilities and economies of scale. This imbalance limits the pricing power of domestic manufacturers and constrains their ability to pass on cost increases to end users.

Vietnam Cold Rolled Stainless Steel Market Report Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Vietnam Cold Rolled Stainless Steel market. The market has been categorized based on grade.

Analysis by Grade:

200 Series
300 Series
400 Series

The report has provided a detailed breakup and analysis of the market based on the grade. This includes 200 Series, 300 Series, and 400 Series.

Vietnam Cold Rolled Stainless Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2025
Historical Period	2021-2025
Units	Tons
Segment Coverage	Grade and Region
Companies Covered	Yongjin Metal Technology (Vietnam) Co., Ltd. POSCO VST Co., Ltd. Nam Phat Group Dai Duong Production and Trading Company Limited Son Ha SSP Vietnam Company Sunny Vietnam Technology Company Limited Hoang Vu Stainless Steel Hoa Sen Group Saigon Steel Service and Processing Co., Ltd. VN Steel–Phu My Flat Steel Company Limited (Vietnam Steel Corporation) Kim Vi Stainless Steel Commercial Producing Joint Stock Company YGS Vina Co., Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Vietnam cold rolled stainless steel market performed historically, and how has it evolved during the period 2021–2025?
How have historical production trends for cold rolled stainless steel evolved in Vietnam during 2021–2025?
What are the key macroeconomic indicators of Vietnam, and how do they influence the stainless steel industry in the country?
What is the current structure and overview of the Vietnam stainless steel market?
What are the major market drivers, restraints, and opportunities impacting the Vietnam cold rolled stainless steel market?
What is the breakup of the Vietnam cold rolled stainless steel market by grade (200 series, 300 series, and 400 series)?
How have production volumes for 200 series cold rolled stainless steel changed over the historical period?
How have demand volumes for 200 series cold rolled stainless steel changed over the historical period?
What are the stock volume trends for 200 series cold rolled stainless steel in Vietnam?
What are the domestic sales volume trends for 200 series cold rolled stainless steel in Ho Chi Minh City and Hanoi?
How have production volumes for 300 series cold rolled stainless steel changed over the historical period?
How have demand volumes for 300 series cold rolled stainless steel changed over the historical period?
What are the stock volume trends for 300 series cold rolled stainless steel in Vietnam?
What are the domestic sales volume trends for 300 series cold rolled stainless steel in Ho Chi Minh City and Hanoi?
How have production volumes for 400 series cold rolled stainless steel changed over the historical period?
How have demand volumes for 400 series cold rolled stainless steel changed over the historical period?
What are the stock volume trends for 400 series cold rolled stainless steel in Vietnam?
What are the domestic sales volume trends for 400 series cold rolled stainless steel in Ho Chi Minh City and Hanoi?
How have market prices for major cold rolled stainless steel grades trended in Vietnam?
What are the historical export volume and value trends for Vietnam’s cold rolled stainless steel market?
What are the historical import volume and value trends for cold rolled stainless steel in Vietnam?
Who are the key players operating in the Vietnam cold rolled stainless steel market?
What is the current production capacity of the major cold rolled stainless steel manufacturers in Vietnam?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of the Vietnam cold rolled stainless steel market, covering historical demand, production, trade, and price trends across key grades during 2021–2025
The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam Cold Rolled Stainless Steel market.
Detailed grade-wise analysis of 200 series, 300 series, and 400 series stainless steel enables stakeholders to assess production volumes, demand patterns, inventory levels, and domestic sales trends, including city-level insights for Ho Chi Minh City and Hanoi.
Trade analysis, including import and export volume and value trends along with country-wise breakups, supports stakeholders in evaluating sourcing strategies, supply risks, and export opportunities.
Competitive landscape assessment provides an overview of the production capacities and output levels of key players, enabling stakeholders to understand the competitive structure and benchmark their market positioning.

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