Posted on 30 Jun 2025
Vietnam's Xuan Thien Group has officially broken ground this week on a landmark green steel complex in Nghia Hung district, Nam Dinh province.
The planned project, valued at VND 98 trillion ($3.75 billion), spans over 400 hectares and is set to reach a capacity of 9.5 million tonnes/year, Kallanish notes.
Construction is scheduled in phases, with the first batch of steel products expected to roll off the line by June 2028. Full project completion is targeted for June 2030.
The complex is designed to utilise electricity and natural gas, with plans to adopt green hydrogen technology for iron reduction, phasing out traditional coke-based production methods. The goal is to significantly cut CO2 emissions and align with global environmental standards.
Key raw materials, including pig iron and iron ore, will be sourced from Xuan Thien's own mining and processing operations in Angola and other African countries, ensuring long-term material supply for the plant's full operating life, the steelmaker says.
The facilities will specialise in producing high-grade steel products such as weather-resistant steel, ultra-thick wide plate castings, and structural steel for use in shipbuilding, wind power tower manufacturing, high-rise construction, automotive bodywork, and defence industries. These outputs will serve both domestic and export markets.
Source:Kallanish
