Xuân Thiện Group, one of Vietnam’s leading industrial groups, has signed a strategic investment and cooperation agreement with Primetals Technologies in Ninh Bình province, marking a significant step toward positioning Vietnam as a regional hub for high-quality steel production.
Heavy Plate Production Line
Primetals Technologies will act as the project’s technology partner, supplying advanced technological solutions, engineering expertise, and key plant components. The cooperation focuses on building two production lines featuring technical capabilities never before implemented in Vietnam.
The first production complex will specialize in heavy plate manufacturing and will include an advanced EAF Ultimate electric arc furnace, offering high flexibility in raw material charging, shorter tap-to-tap times, and reduced consumption. The complex will also feature two ladle furnaces, two vacuum degassing units, a continuous slab caster, and a Steckel plate mill.
Highly Energy-Efficient Production of eHRC
In parallel, a second production line will be developed to manufacture endless hot-rolled coils (eHRC). This line will comprise two EAF Ultimate furnaces, two ladle furnaces, two vacuum degassing units, and the advanced Arvedi ESP technology, enabling the production of ultra-thin steel products with outstanding energy efficiency.
These capabilities are strategically important, allowing Vietnam to achieve self-sufficiency in supplying raw materials to industries that require high-strength steel and large dimensions, such as offshore wind turbine towers and shipbuilding—sectors that previously relied entirely on imports.
Integrated Green Steel Ecosystem
This strategic partnership represents a core pillar of the “green steel ecosystem” being developed by Xuân Thiện Group. A flagship project within this strategy is the Xuân Thiện Green Steel Complex in the Nghĩa Hưng area, formerly part of Nam Định province (now Rạng Đông commune, Ninh Bình province).
Driving Economic Growth
The project will combine electric arc furnace technology with ironmaking facilities based on clean energy sources, such as natural gas and, in the future, green hydrogen. This approach minimizes CO₂ emissions, aligns Vietnam’s steel industry with global sustainability trends, and meets the stringent requirements of international markets, particularly in Europe and the United States.
By integrating Primetals Technologies’ cutting-edge solutions with large-scale investment in the Xuân Thiện Nam Định green steel complex, the project is expected to stimulate growth in the Ninh Cơ economic zone and accelerate economic development across the Red River Delta. Once operational, Vietnam will join the ranks of countries producing high-quality steel for mechanical engineering, automotive, and defense industries, while underscoring its leadership in the global transition toward green industry.
