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ASIAN STEEL PIPE MARKET AND VIETNAM’S ROLE IN THE REGIONAL SUPPLY CHAIN

Posted on by admin
23
Jun

In the context of the strong growth of the construction and infrastructure industry in Asia, the steel pipe market is witnessing a shift towards the center of production and consumption. With its strategic location, increasing production capacity, and flexible trade policies, Vietnam is emerging as an important link in the Asian steel pipe supply chain.

Asian Steel Pipe Market Overview: Size and Trends

Asia is currently the global leader in steel pipe production and consumption, especially in product lines such as straight seam welded (ERW) pipes, spiral welded (SSAW) pipes and seamless steel pipes.

  • Total regional output: about 69 million tons (2024), accounting for over 60% of the world.
  • China: leading with over 58% of output.

India, Japan, South Korea, Vietnam: are the remaining important production centers.
Main applications: transportation works, oil and gas pipelines, water supply and drainage, pile foundations, steel structures.
In 2024, although the Asian market tends to stagnate due to tight monetary policies and fluctuating raw material prices, in the long term, the demand for steel pipes will still maintain a stable growth momentum, especially in the infrastructure and renewable energy sectors.

Vietnam – a bright spot in the regional steel pipe supply chain

Increasingly strong production capacity: According to the Vietnam Steel Association (VSA), in 2023, Vietnam will produce more than 2 million tons of steel pipes of all kinds, with good growth rates in large diameter welded pipe products such as SSAW. Typical enterprises include: E.NHAT, Hoa Phat, SeAH, Hoa Sen, Minh Ngoc…
Large production scale, equipped with 2-sided submerged arc welding lines, 100% ultrasonic testing, meeting API 5L/ISO/TCVN standards.

Boosting exports – taking advantage of trade opportunities

Vietnam is becoming an alternative source of supply for China in markets such as the US, India, EU – where anti-dumping taxes are applied to products from China. Middle East, ASEAN – markets that are expanding infrastructure investment.
In 2023 alone, Vietnam’s steel pipe exports will reach more than 600,000 tons, most of which are large-sized welded pipes for piles and pressure pipes.
Support policies for domestic industries
Vietnam also implements many trade defense measures to protect the domestic steel pipe industry such as: Imposing anti-dumping taxes on some stainless steel pipes imported from Malaysia and China. Prioritizing Vietnamese steel products in bidding for public infrastructure projects.

Potential for development of spiral welded steel pipe (SSAW) industry in Vietnam

Spiral welded steel pipes (SSAW) are a strategic product line thanks to:

  • Ability to produce large diameters (D406 – D3000 mm), high thickness (6 – 25 mm).
  • Diverse applications: casing piles, urban drainage pipes, oil/gas pipes, retaining walls.
  • More optimal price than cast steel pipes, in accordance with international technical standards.

Typical projects in Vietnam using SSAW pipes:

  • North-South Expressway (Phase 2)
  • Lach Huyen Port, Vung Ang Port
  • Nghi Son Thermal Power Plant, Long Phu
  • Coastal construction piles, river overpasses

What do Vietnamese steel pipe enterprises need to do to go far?

To maintain their position in the regional supply chain, Vietnamese steel enterprises need to:

  • Invest more in production line automation and intensive quality control
  • Proactively meet technical standards of demanding markets (US, EU, Japan)
  • Take advantage of trade policies to expand export market share

Coordinate with contractors and design consultants to incorporate products right from the design stage of the project.

The Asian steel pipe market remains a fertile land with long-term growth demand, especially in the infrastructure and energy sector. In that picture, Vietnam is rising strongly with the capacity to produce high-quality welded steel pipes, especially spiral welded pipes – the optimal solution for large-scale projects. Enterprises that grasp this trend early – invest in the right direction, optimize quality and price – will gain a long-term competitive advantage.

Contact E.NHAT Group now to get advice on the most suitable SSAW steel pipe solution for you:
Office: Alley 11/ 42, Lạc Trung, Thanh Lương, Hai Bà Trưng, Hà Nội
Hotline: 098-777-7930
Email: enhat@enhat.vn
Website: http://enhat.vn/


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