VinMetal Plans Large-Scale Steel Scrap Imports for Proposed Steel Plant
Metal Recycling News | 2026-09-09 07:20:57
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.
By Paul Ploumis
SEATTLE (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 will arrive by sea and will be kept in an outdoor storage facility within the plant. The use and storage of large volumes of scrap is a prerequisite for the project to obtain an environmental permit. It must be noted that the plant is currently awaiting environmental approval from authorities.
VinMetal, a subsidiary of Vingroup, received its investment registration certificate for the project in February. The planned facility will feature 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, including 3 million tonnes of hot-rolled coils, 1.4 million tonnes of steel bars and 600,000 tonnes of steel wire. Additionally, the facility will generate about 1.7 million tonnes of finely ground blast-furnace slag and 800,000 tonnes of processed slag cement each year.
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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What is the most significant feature of VinMetal's proposed Ha Tinh steel project?
Frequently Asked Questions
- How much steel scrap does VinMetal plan to import for the Ha Tinh steel plant?
VinMetal plans to import approximately 950,000 tonnes of steel scrap per year to support operations at the proposed integrated steel complex. The scrap will be transported by sea and stored in an outdoor facility located within the plant premises. The planned storage and handling arrangements form part of the environmental permitting requirements for the project.
- What will be the annual steel production capacity of the proposed Ha Tinh complex?
The integrated steel plant is expected to produce approximately 5 million tonnes of steel products annually once fully operational. This will comprise around 3 million tonnes of hot-rolled coils, 1.4 million tonnes of steel bars and 600,000 tonnes of steel wire, positioning the facility as a major steel production project in Vietnam.
- How much investment is planned for the VinMetal steel project?
The project involves an estimated investment of nearly VND80 trillion, equivalent to about $3.2 billion. VinMetal, a subsidiary of Vingroup, received its investment registration certificate in February and is currently awaiting environmental approval before construction can proceed.
