VinMetal to Import Steel Scrap for Proposed Steel Plant

Metal Recycling News  |  2026-09-09 23:26:45   |   By

Once fully operational, the complex is expected to produce 5 million tonnes of steel products annually, including 3 million tonnes of hot-rolled coils, 1.4 million tonnes of steel bars and 600,000 tonnes of steel wire.

Summary
  • 950,000 tonnes of scrap imports planned: VinMetal Production and Trading JSC plans to import approximately 950,000 tonnes of steel scrap annually by sea for its proposed Ha Tinh integrated steel complex. The scrap will be stored in an outdoor facility within the plant.
  • $3.2 billion integrated steel project: The Vingroup subsidiary plans an integrated facility covering coke making, pelletizing, sintering, ironmaking, steelmaking, continuous casting and rolling. The project carries an estimated investment of nearly VND80 trillion ($3.2 billion) and is currently awaiting environmental approval.
  • 5 million tonnes of annual steel capacity: Once fully operational, the complex is expected to produce 5 million tonnes of steel products annually, including 3 million tonnes of hot-rolled coils, 1.4 million tonnes of steel bars and 600,000 tonnes of steel wire. Construction is targeted to start in Q4 2026, with commercial production expected in Q1 2031.

VinMetal Plans 950,000 Tonnes of Annual Steel Scrap Imports for Ha Tinh Plant

VinMetal Production and Trading JSC plans to import around 950,000 tonnes of steel scrap annually for its proposed Ha Tinh integrated steel complex, a nearly VND80 trillion ($3.2 billion) project targeting 5 million tonnes of steel products per year.

By Paul Ploumis
Published September 9, 2026

Key Points

  • VinMetal plans to import around 950,000 tonnes of steel scrap annually by sea for the proposed Ha Tinh steel plant.
  • The project is awaiting environmental approval, with large-scale scrap use and outdoor storage forming part of the permitting requirements.
  • The complex is expected to produce 5 million tonnes of steel products annually once fully operational.
  • Estimated investment is nearly VND80 trillion ($3.2 billion).
  • Construction is expected to begin in the fourth quarter of 2026, with commercial production targeted for the first quarter of 2031.

MONTREAL (Scrap Monster): VinMetal Production and Trading JSC plans to import around 950,000 tonnes of steel scrap annually to support operations at its proposed Ha Tinh integrated steel plant.

The imported scrap would arrive by sea and be stored in an outdoor facility within the plant. The planned use and storage of large volumes of scrap is a prerequisite for the project to obtain an environmental permit, and the plant is currently awaiting environmental approval from authorities.

Integrated Complex Targets 5 Million Tonnes of Steel Products

VinMetal, a subsidiary of Vingroup, received its investment registration certificate for the project in February.

The planned facility will use an integrated production system covering coke making, pellet production, sintering, ironmaking, steelmaking, continuous casting and rolling.

Once fully operational, the complex is expected to produce 5 million tonnes of steel products annually. The planned product mix includes 3 million tonnes of hot-rolled coils, 1.4 million tonnes of steel bars and 600,000 tonnes of steel wire.

The facility is also expected to generate about 1.7 million tonnes of finely ground blast-furnace slag and 800,000 tonnes of processed slag cement each year.

$3.2 Billion Project Targets 2031 Commercial Production

The project carries an estimated investment of nearly VND80 trillion ($3.2 billion).

Construction is expected to begin in the fourth quarter of 2026, with commercial production anticipated in the first quarter of 2031.

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