🏭 Vietnam‘s Largest Steel Mill Just Shut Down – CNB Group‘s 20,000+ Ton Daily Stock Keeps Your Supply Secure

On September 4, 2026, Vietnam‘s Formosa Ha Tinh Steel – one of only two HRC producers in Vietnam and a key regional price “anchor” – suffered a sudden fire at its hot blast furnace. The factory was forced to shut down emergency production. The accident, caused by extreme heat sparking a grassland fire that spread to the plant, is expected to require 2–3 months for repairs, affecting approximately 200,000 tons of monthly production.

Formosa Ha Tinh and Hoa Phat Group are Vietnam‘s only two HRC producers. With one major supplier offline, Vietnam‘s domestic HRC supply faces a direct shock. The plant’s September pricing announcement, originally scheduled for the same day, has been suspended. For importers and downstream users who rely on Formosa‘s pricing guidance, short-term price signals have gone dark – and market观望 is intensifying.

But the ripple effect goes beyond Vietnam. Vietnam is a major global exporter of hot-rolled coil. If Formosa’s production outage extends beyond one month, it will reduce Vietnam‘s supply to export markets across Southeast Asia and the Middle East. Some demand may shift to China or South Korea – but with Chinese exporters facing anti-dumping duties in Vietnam, it may be limited. The net result: higher regional import prices for coils across the board.

And this comes on top of: steel mills are already suffering heavy losses due to surging coke prices, with 3 new blast furnaces undergoing maintenance and added production cuts expected if margins continue to deteriorate. China‘s national steel mill profitability has dropped to just 30.30%.

✅ Massive ready stock – 20,000+ tons daily across HRC, CR, GI, GL, PPGI, ZAM, and AS – no waiting for mill production

✅ Diversified sourcing – As a core agent for multiple state-owned mills, we are not dependent on any single production source

✅ Deep processing support – Slitting, custom pipe forming (up to 330mm diameter, 30% expansion rate), CNC punching, and bending

✅ CBAM-ready documentation – Product Carbon Footprint data and CO₂ emissions reports for EU compliance

✅ Global logistics network – Integrated shipowner and freight forwarding resources for fast, reliable delivery worldwide

The bottom line: Global supply disruptions are multiplying – Vietnam‘s fire, China’s profit squeeze, escalating tariffs. But with CNB Group, your supply chain stays secure.

📩 Contact us today. Check our ready stock and lock your price now.