
Vietnam Cold Rolled Steel Sheet Industry Research Report 2025-2034
Description
Cold-rolled steel sheet is a high-precision, high-quality steel product produced by cold-rolling (cold-rolling) hot-rolled steel coils at room temperature. Cold rolled steel sheets can be divided into non-alloy steel sheets and alloy steel sheets according to their material. Cold rolled steel sheets have become an indispensable material in modern manufacturing due to their high precision, excellent performance and strong adaptability.
Cold-rolled steel sheet is widely used in the automotive, home appliance, construction, machinery, packaging, and power industries. In the automotive industry, cold-rolled steel is used in structural components such as body shells, doors, and chassis. In the home appliance industry, cold-rolled steel sheet is the primary raw material for the housings and brackets of products like refrigerators, washing machines, and electric water heaters. Furthermore, highly airtight packaging materials like food cans and battery casings, as well as silicon steel sheets in transformers and electric motors, also rely on cold-rolled steel sheet as a base material.
The cold-rolled steel plate industry boasts a comprehensive industrial chain, encompassing upstream raw material supply, midstream smelting and processing, and downstream end-use applications. According to CRI analysis, the upstream sector primarily encompasses the supply of raw materials such as iron ore, coke, coal, alloying elements, and scrap steel, as well as the manufacturing of hot-rolled steel coils. Hot-rolled coils are the direct raw material for cold-rolled steel sheets.
The midstream is the core processing stage for cold-rolled steel sheets, encompassing pickling, cold rolling, annealing, flattening, and oiling. This process requires high-precision equipment and strict process control, making it a crucial value-added component of the entire industry chain. Downstream applications span a wide range of sectors and are the primary driver of demand for cold-rolled steel sheets. Cold-rolled steel sheets are widely used in products such as automobile bodies and chassis, refrigerator and washing machine casings, metal furniture, food cans, and electric motor cores.
The global cold-rolled steel sheet market is showing steady growth, structural upgrades, and a green transformation. According to CRI analysis, demand for cold-rolled steel sheet is broad, primarily driven by the automotive, construction, home appliance, and machinery manufacturing industries. The automotive manufacturing sector accounts for over 30% of global cold-rolled steel sheet consumption. Furthermore, urbanization and the continued expansion of the home appliance industry are also providing continued robust demand for this material.
In recent years, Vietnam's market demand for cold-rolled steel sheets has become stronger, with a significant growth momentum, mainly reflected in high value-added home appliances, automobiles, coatings and other fields. According to CRI analysis, a rebound in the construction market, driven by residential and infrastructure construction, and increased public investment (including in transportation, apartments, and infrastructure projects) have driven overall growth in finished steel consumption. Furthermore, the home appliance and automotive manufacturing industries, major users of medium and thin steel plates, have seen a recent rebound in investment, leading to higher specifications for cold-rolled coils and driving further downstream application of this plate.
According to CRI analysis, Vietnam's cold-rolled steel plate industry is experiencing rapid capacity expansion, structural upgrades, and lagging capacity release. Vietnam's cold-rolled steel plate production has experienced rapid expansion in recent years, driven by government incentives for steel industry upgrades and increased investment by numerous companies. Despite the gradual increase in production capacity, actual output lags, and the country still relies on imports to fill gaps in high-end specifications and production capacity.
According to CRI data, the import value of Vietnam’s cold-rolled steel sheets (non-alloy steel) exceeded US$15billion and reached US$16.846 billion in 2024. According to CRI analysis, Vietnam's main import sources of cold-rolled steel include China, Taiwan, South Korea, etc. China is the largest source of imports, accounting for about 40% of the total import share.
CRI predicts that, in the long term, with increasing foreign investment in industries such as home appliances and automobiles, Vietnam's demand for cold-rolled steel sheets will continue to have significant growth potential. CRI recommends that global cold-rolled steel sheet 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 cold-rolled steel sheet market.
Topics covered:
- Overview of the Cold Rolled Steel Sheet Industry in Vietnam
- The Economic and Policy Environment of Cold Rolled Steel Sheet Industry in Vietnam
- The Market Size of Cold Rolled Steel Sheet Industry in Vietnam (2025-2034)
- Analysis of Major Cold Rolled Steel Sheet Industry Manufacturers in Vietnam
- Main Driving Forces and Market Opportunities of Cold Rolled Steel Sheet Industry in Vietnam
- What are the main driving forces, challenges and opportunities of Cold Rolled Steel Sheet industry in Vietnam during the forecast period of 2025-2034?
- Which companies are the main players in Vietnam's Cold Rolled Steel Sheet industry market and what are their competitive advantages?
- What is the expected revenue of Vietnam's Cold Rolled Steel Sheet industry market during the forecast period of 2025-2034?
- Which part of Vietnam's Cold Rolled Steel Sheet industry market is expected to dominate the market in 2034?
- What are the main disadvantages facing Vietnam's Cold Rolled Steel Sheet industry?
- How can foreign capital enter Vietnam's Cold Rolled Steel Sheet 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 Cold Rolled Steel Sheet Industry
- 2.1 Definition and Classification of the Cold Rolled Steel Sheet Industry
- 2.1.1 Definition of the Cold Rolled Steel Sheet Industry
- 2.1.2 Classification of Cold Rolled Steel Sheet
- 2.2 Cold Rolled Steel Sheet Industry Chain in Vietnam
- 2.2.1 Upstream: Raw Material Supply
- 2.2.2 Midstream: Cold Rolled Steel Sheet Processing
- 2.2.3 Downstream: Application Areas
- 2.3 The Policy Environment of Cold Rolled Steel Sheet Industry in Vietnam
- 2.4 CRI's Recommendations for Foreign Companies Investing in Vietnam's Cold Rolled Steel Sheet Industry
- 3 Supply and Demand of Cold Rolled Steel Sheet Industry in Vietnam
- 3.1 Supply Analysis
- 3.1.1 Sources and Output of Cold Rolled Steel Sheet in Vietnam
- 3.1.2 Cold Rolled Steel Sheet Supply Structure in Vietnam
- 3.1.3 Factors Affecting Cold Rolled Steel Sheet Production in Vietnam
- 3.2 Demand Analysis
- 3.2.1 Market Size of Cold Rolled Steel Sheet in Vietnam
- 3.2.2 Analysis of Downstream Application Demand of Cold Rolled Steel Sheet in Vietnam
- 3.2.3 Factors affecting Cold Rolled Steel Sheet Demand in Vietnam
- 4 Import and Export of Cold Rolled Steel Sheet Industry in Vietnam
- 4.1 Import Situation of Vietnam’s Cold Rolled Steel Sheet Industry
- 4.1.1 Import Volume of Cold Rolled Steel Sheet in Vietnam
- 4.1.2 Main Import Sources of Vietnam’s Cold Rolled Steel Sheet
- 4.2 Export Situation of Vietnam’s Cold Rolled Steel Sheet Industry
- 4.2.1 Export Volume of Cold Rolled Steel Sheet in Vietnam
- 4.2.2 Export Destinations of Vietnam’s Cold Rolled Steel Sheet
- 5 Market Competition of Cold Rolled Steel Sheet Industry in Vietnam
- 5.1 Entry Barriers to Vietnam’s Cold Rolled Steel Sheet 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 Cold Rolled Steel Sheet Industry
- 5.2.1 Bargaining Power of Suppliers
- 5.2.2 Bargaining Power of Consumers
- 5.2.3 Competition in Vietnam’s Cold Rolled Steel Sheet Industry
- 5.2.4 Potential of New Entrants
- 5.2.5 Threat of Substitutes
- 6. Analysis of Main Companies of Vietnam’s Cold Rolled Steel Sheet
- 6.1 POSCO‑Vietnam
- 6.1.1 Development History
- 6.1.2 Main Business
- 6.1.3 Operation Model
- 6.2 Hoa Sen Group
- 6.2.1 Development History
- 6.2.2 Main Business
- 6.2.3 Operation Model
- 6.3 Company 3
- 6.3.1 Development History
- 6.3.2 Main Business
- 6.3.3 Operation Model
- 6.4 Company 4
- 6.4.1 Development History
- 6.4.2 Main Business
- 6.4.3 Operation Model
- 6.5 Company 5
- 6.5.1 Development History
- 6.5.2 Main Business
- 6.5.3 Operation Model
- 7. Outlook of Cold Rolled Steel Sheet Industry in Vietnam 2025-2034
- 7.1 Analysis of Development Factors of Vietnam’s Cold Rolled Steel Sheet Industry
- 7.1.1 Driving Force and Development Opportunities of Vietnam’s Cold Rolled Steel Sheet Industry
- 7.1.2 Threats and Challenges Faced by Vietnam’s Cold Rolled Steel Sheet Industry
- 7.2 Supply Forecast of Cold Rolled Steel Sheet Industry in Vietnam
- 7.3 Demand Forecast of Cold Rolled Steel Sheet Market in Vietnam
- 7.4 Import and Export Forecast of Cold Rolled Steel Sheet Industry in Vietnam
- Disclaimer
- Service Guarantees
- LIST OF CHARTS
- Chart 2018-2024 Minimum Wage Standards in Vietnam
- Chart Cold Rolled Steel Sheet Industry chain
- Chart 2020-2024 Production of Cold Rolled Steel Sheet in Vietnam
- Chart 2020-2024 Import Volume of Cold Rolled Steel Sheet in Vietnam
- Chart 2020-2024 Export Volume of Cold Rolled Steel Sheet in the Vietnam
- Chart 2020-2024 Market Size of Cold Rolled Steel Sheet in Vietnam
- Chart 2020-2024 Market Size of Cold Rolled Steel Sheet in World
- Chart 2020-2024 Main Import Sources of Cold Rolled Steel Sheet in Vietnam
- Chart 2020-2024 Main Export Destinations of Cold Rolled Steel Sheet in Vietnam
- Chart Basic Information of POSCO‑Vietnam
- Chart Basic Information of Hoa Sen Group
- Chart Basic Information of Vietnamese Cold Rolled Steel Sheet Company 3
- Chart Basic Information of Vietnamese Cold Rolled Steel Sheet Company 4
- Chart Basic Information of Vietnamese Cold Rolled Steel Sheet Company 5
- Chart Production Forecast of Cold Rolled Steel Sheet in Vietnam (2025-2034)
- Chart Demand Forecast of Cold Rolled Steel Sheet in Vietnam (2025-2034)
- Chart Import and Export Forecast of Cold Rolled Steel Sheet in Vietnam (2025-2034)
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