BVM market analysis, 15 October 2026. In its 24 September 2026 release, worldsteel reported 144.2 million tonnes of crude steel from 70 reporting countries in August 2026, down 1.2% year on year. Viet Nam produced 2.7 million tonnes, up 36.4%. These figures measure crude steel output, not finished-steel sales, demand or prices.
Read the periods correctly
For January–August 2026, the 70-country total was 1,225.2 Mt (−0.7% year on year) and Viet Nam reached 20.6 Mt (+29.1%). August output in China was 74.6 Mt (−3.7%), while India recorded 14.8 Mt (+4.6%). The 70 reporting countries accounted for about 98% of world crude steel output in 2025, so their total should not be labelled the complete global total. All figures come from worldsteel's August table.
What this means for steel buyers and sellers
Viet Nam's output growth contrasts with the aggregate decline, but rising output alone does not establish stronger finished-product demand or higher prices. The release does not give product-specific sales, inventories or transaction prices. Before fixing procurement volumes or quotations, compare current offers, stock, grades, lead times and delivery terms for the actual product—rebar, hot-rolled coil, plate or engineering steel. Do not forecast prices from the +36.4% output figure alone. Source: worldsteel, published 24 September 2026; August and January–August 2026 periods. Cover: BVM illustration from Site-owned assets, not a photograph of a reported plant or shipment.
