Vietnam's steel sector pledges to embrace sustainable transition

More than 400 major industry players from the Asian steel sector, including industry experts, associated trade associations and government representatives joined the 2024 Southeast Asia Iron and Steel Institute (SEAISI) Conference and Exhibition in the central city of Da Nang.
Vietnam's steel sector pledges to embrace sustainable transition
Participants from the Asian steel industry join the 2024 Southeast Asia Iron and Steel Institute (SEAISI) Conference and Exhibition at Đà Nẵng City's Ariyana Convention Centre. (Photo: Courtesy of Ariyana Convention Centre)

The event featured a series of trade promotions and special seminars that introduce the latest steel production technologies and provide forecasts on global steel demand in the coming years.

The conference, themed ‘Surviving and Thriving in the Decarbonised World’, was a way for steel producers to share business strategies, their approach to advanced technologies and gain information from regional partners.

Chairman of the Vietnam Steel Association (VSA) Nghiem Xuan Da, said: “The conference is an excellent opportunity for us to discuss policy development, technology and the challenges and opportunities of working towards a sustainable green steel industry.”

Dr. Edwin Basson, Director General of the World Steel Association, said global steel production has increased tenfold since the 1950s. The steel industry has been profoundly impacted by four major trends intensified by the pandemic, which have brought significant changes: technological advances, socio-economic transformations, geopolitical shifts, and notably, climate change.

Since 2015, Vietnam’s steel industry has developed into one of the leading manufacturers in ASEAN for the production and consumption of finished steel products and in 2023 was ranked 12th in the world in crude steel production, with an output of 20 million tonnes. However, the industry remains a major greenhouse gas emitter and environmental impactor - responsible for 7% of national total emissions and about 46% of industrial processes, according to experts.

Vice Chairman of the Da Nang City People’s Committee Tran Chi Cuong said central and local state management agencies need to focus on creating conditions for the Vietnam Steel Association and the steel manufacturing business community to have a successful green transformation, contributing to Vietnam’s commitments made at the 26th UN Climate Change Conference (COP26).

“It is recommended that experts and international organisations pay attention and help support the Vietnam Steel industry in sharing experiences, technology, techniques, financial support, human resources and management solutions, in order to build, develop and implement a carbon neutral roadmap,” Cuong said.

There was also an exhibition area at the conference, with steel companies from Southeast Asia and well-known brands from countries with advanced steel industries, such as Australia, Japan, and the Republic of Korea, participating.

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(Source: VNA)