The Vietnamese government plans to vigorously develop the metallurgical industry. Relevant data show that in 2000, Vietnam’s potential iron-making capacity was only about 270,000 tons per year, while the current pig iron production capacity has exceeded 14 million tons per year, with the largest growth starting in 2017.
As early as 2009, the first blast furnace with a production capacity of 350,000 tons/year of Vietnam’s Hefa Group’s Hefa United Steel Plant in Haidong Province was officially put into operation, and in 2017, the blast furnace production capacity was increased to 450,000 tons/year. In July 2013, the plant’s 450,000-ton/year No. 2 blast furnace started operation, and the production capacity was increased to 530,000 tons/year in 2018. Both blast furnaces are connected to the converter melting workshop for the production of billets with a total capacity of 850,000 tons/year.
In September 2014, after three years of construction, the steel plant of Vietnam-China Minerals and Metallurgy Co., Ltd. in Lao Cai province was put into operation. The plant mainly produces steel billets and is equipped with a 500,000-ton/year blast furnace.
In October 2015, Cao Bang Iron and Steel Co., Ltd. put into operation a 220,000-ton/year billet plant in Cao Bang Province, Vietnam. The related equipment includes a sintering plant, a blast furnace (about 220,000 tons/year) and a converter smelting workshop .
In January 2016, as part of the third phase of the Hefa Group Joint Steel Plant, the 750,000-ton/year No. 3 blast furnace was put into operation, and the 750,000-ton/year converter smelting workshop was completed in September 2015. put into production.
In May 2017 and May 2018, the No. 1 blast furnace and No. 2 blast furnace of Vietnam’s Ha Tinh Iron and Steel Company (FHS) of Taiwan’s Formosa Plastics Group started ironmaking in succession. In the first phase of the project, the company had a pig iron capacity of 3.5 million t/y, which will later be doubled to 7 million t/y.
In 2019, Hoa Fat Group’s Hoa Fat Rong orange factory in Quang Ngai Province, Vietnam was put into operation. In July and November 2019, the company’s No. 1 and No. 2 blast furnaces with a combined capacity of 2 million tons/year were put into operation successively. After that, No. 3 blast furnace was put into operation in August 2020, and No. 4 blast furnace was put into operation in January 2021. Overall, the total annual blast furnace capacity of Hefa Rongju Plant reaches 4 million tons/year, and the steel billet capacity reaches 4.5 million tons/year.
In November 2020, Pomina Steel’s No. 3 Pomina Billet Refinery in Ba Ria-Vung Tau Province commissioned a blast furnace with a capacity of 1 million t/y. At this point, the company operates a blast furnace and an electric arc furnace equipped with Consteel technology, which produces higher-quality steel products by pre-cleaning the molten iron of impurities and slag before charging the electric arc furnace.
With the commissioning of several new projects, Vietnam’s ironmaking capacity is expected to grow further. Among them, Hefa Group ordered two blast furnaces from Danieli Group to be installed in Hefa Rongju No. 2 Plant. Each blast furnace has an internal volume of 2,500 cubic meters and a production capacity of about 2.5-2.8 million tons per year. In addition, two slab casters (with a total capacity of 6 million t/y) and a 5.5 million t/y hot strip line are supplied by Pratt Metals Technologies, which is scheduled to start production in early 2025. Earlier, Formosa Plastics Vietnam Ha Tinh Steel Company also announced the construction of a third blast furnace (3.5 million tons/year), while Vietnam-China Mining and Metallurgy Company announced the construction of a 500,000-ton/year No. 2 blast furnace.