Pomina Steel Corp

What Pomina Steel Corp does

Pomina Steel Corp (Công ty cổ phần thép Pomina) is a publicly-listed Vietnamese steel manufacturer headquartered in Ho Chi Minh City with three integrated production facilities — POMINA 1 in Bình Dương, POMINA 2 and POMINA 3 in Phú Mỹ Industrial Park, Bà Rịa–Vũng Tàu — operating under the ticker POM (transferred from HOSE to UPCOM in April 2024). The company manufactures construction steel rebar (thép vằn D10–D40mm), wire rod coils (thép cuộn Ø6–Ø10mm), and steel billets, with a combined capacity of 1.1 million tons/year of construction steel and 1.5 million tons/year of billet, including a one-million-ton billet plant (one of the largest in Southeast Asia). Manufacturing relies on licensed German Consteel continuous steelmaking technology (first in Vietnam, 20th globally) and Italian/German VAI-POMINI/SIEMENS-VAI rolling technology, achieving energy consumption of 350–380 kW/ton versus the Vietnamese industry average of 600 kW/ton, with closed-loop waste and water treatment and ISO 14001 certification.

The company's commercial model is B2B-focused, supplying major Vietnamese developers and contractors such as Vingroup, Becamex IDC, Novaland, Bitexco, Keppel Land, Phú Mỹ Hưng, and Vietnam Land SSG, alongside distribution through its wholly-owned subsidiary Thép Việt (established 1992), which operates headquarters in HCMC, four retail stores, and regional branches in Cần Thơ, Nha Trang, Quy Nhơn, and Đà Nẵng. Products comply with TCVN 1651-1:2008 and international standards (JIS G3112:2010, ASTM A615/A615M-09b, BS 4449:1997), and the firm also operates a downstream galvanized steel coil and steel pipe line. Pricing is quote-based and not publicly disclosed. In recent years Pomina has faced severe financial distress — multi-year net losses from 2022 through 2025, delayed audited financial statements, HOSE delisting warning, UPCOM transfer, and an active 2024 restructuring plan with a suspended private placement to strategic investor Nansei — making the operational and financial trajectory sharply negative despite the underlying capacity and technology base.

Name

Pomina Steel Corp

Legal name

Công ty cổ phần thép Pomina

Website

https://pomina-steel.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Pomina Steel Corp is a Vietnamese publicly-listed steel manufacturer operating three integrated plants producing 1.1M tons/year of construction rebar and wire rod and 1.5M tons/year of steel billet, supplying major real-estate developers and a nationwide distribution network, with energy-efficient Consteel technology licensed from Germany.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110), Rolled Steel Shape Manufacturing (331221), Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Pipe & Tubes (3317)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industry

Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

Keywords

• Construction steel manufacturing
• Steel billet production
• Deformed steel bars
• Galvanized steel coils
• Steel rolling services

Headquarters

HQ city

Thái Bình

HQ country

Vietnam

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Construction Steel Products: Manufacture and sale of construction steel rebar (thép vằn) in sizes D10mm-D40mm and steel wire rod coils (thép cuộn) in sizes Ø6mm-Ø10mm, sold domestically and exported. Products meet Vietnamese standard TCVN 1651-1:2008 and international standards JIS G3112:2010, ASTM A615/A615M-09b, BS 4449:1997.
2. Steel Billet (Phôi Thép): Production and sale of steel billets (1 million tons/year capacity at POMINA 3) to other steel manufacturers in Vietnam, reducing import dependency. Estimated to reduce import costs by $300 million annually.
3. Steel Rolling Services: Rolling steel from billets into construction steel products for both internal use and external customers. Combined rolling capacity of 1.1 million tons/year.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Pomina Steel Corp manufactures and sells construction steel — deformed steel bars (Thép vằn, D10–D40mm), steel wire rod coils (Thép cuộn, Ø6–10mm), steel billets (Phôi Thép), galvanized steel coils, and steel pipes — through three integrated plants (POMINA 1, POMINA 2, POMINA 3) with combined annual capacity of 1.1 million tons of construction steel and 1.5 million tons of steel billets. Products are supplied under Vietnamese (TCVN 1651-1:2008) and international standards (JIS G3112:2010, ASTM A615/A615M-09b, BS 4449:1997) directly to construction companies and developers as well as through the wholly-owned Thép Việt distribution network nationwide.

Product overview

Pomina Steel Corp operates a platform of three integrated steel manufacturing facilities (POMINA 1, POMINA 2, and POMINA 3) with combined annual capacity of 1.1 million tons of construction steel and 1.5 million tons of steel billets. The company produces two main product lines: Thép cuộn (steel coils) in Ø 6mm, Ø 8mm, Ø 10mm sizes, and Thép vằn (deformed steel bars) in D10mm to D40mm sizes. Manufacturing leverages advanced technologies including German Consteel continuous charging systems and Italian/German VAI-POMINI rolling lines. Products are distributed through the Thép Việt distribution network established in 1992.

Differentiator

Problem solved

Functional benefit

Products and services

• Thép cuộn (Steel Coils / Wire Rod Coils) Construction steel wire rod coils manufactured to TCVN 1651-1:2008 in diameters Ø6mm, Ø8mm, and Ø10mm, with embossed POMINA branding spaced 0.5m apart on the surface; supplied to construction contractors and developers for use in reinforced concrete structures.
• Thép vằn (Deformed Steel Bars / Rebar) Deformed steel bars for construction with apple-shaped embossing and dimensions from D10mm to D40mm, compliant with Vietnamese TCVN 1651-1:2008 and international standards JIS G3112:2010, ASTM A615/A615M-09b, and BS 4449:1997; sold to construction contractors, developers, and infrastructure project owners.
• Steel Billet (Phôi Thép) Steel billets produced at POMINA 3 (1 million tons/year capacity) using German Consteel technology, sold to other Vietnamese steel manufacturers as raw material input, reducing the country's billet import dependency.
• Pomina Steel Coil (Galvanized Steel Coil and Steel Pipe product lines) Galvanized steel coil and steel pipe product lines with combined capacity of 600,000 tons/year, manufactured at POMINA 3 and supplied into the Vietnamese steel products market.

Quantifiable outcome

• Energy savings of 250 million kW/year through superior efficiency (350 vs 600 kW/ton)
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Ernst & Young Việt NamminorOthers · 1 January 2023Audit services provider contracted for annual financial statement audits. EY Vietnam has been engaged as auditor for multiple years including 2022, 2023.
• Techint (Italy)coreTechnology or Integration · 1 January 2023Equipment supplier for POMINA 2 production line. Techint (Italy) provided world's most modern steel production technology at time of investment, with significant energy efficiency advantages (380 kW/ton vs 600 kW/ton industry standard).
• SMS Concast / Siemens-VAI (Germany/Italy)coreTechnology or Integration · 1 January 2009Equipment technology providers for POMINA's rolling mills. SMS Concast for steelmaking, Siemens-VAI for rolling technology - representing state-of-the-art equipment from Italy and Germany.
• Công Ty TNHH TM & SX Thép Việt (Steel Vietnam)coreChannel Partner/ Reseller/ Distributor · 1 January 1992Wholly-owned distribution subsidiary established in 1992, responsible for distributing all steel products from Pomina 1, 2, and 3 across Vietnam. Operates headquarters in HCMC, four retail stores, and branches in Can Tho, Nha Trang, Quy Nhon, and Da Nang.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Nippon Steel Corporation: Global integrated steelmaker with comparable blast furnace and rolling technology stack; relevant for evaluating Pomina's licensed equipment performance and product quality benchmarks.
• Vietnam Steel Corporation (VNSteel): State-owned Vietnamese steel holding with broad portfolio across construction steel, billet, and trading; competes with Pomina in rebar and billet but operates at larger, diversified scale.

Regional players

• Tata Steel: Large integrated emerging-market steel producer with comparable BF-and-rolling configuration and rebar/wire rod products; relevant for capital-intensity and cost benchmarks but operating outside Vietnam.

Direct peers

• Nam Kim Steel Joint Stock Company: Vietnamese producer of galvanized steel and steel pipe with nationwide distribution, comparable to Pomina's galvanized and pipe product extensions.
• Sun Steel Group (SSC): Vietnamese construction steel producer targeting the same developer and contractor customer segments in southern Vietnam.
• Hoa Phat Group: Vietnam's largest integrated steel producer with comparable product lines (construction steel, billet, galvanized) and direct overlap in serving Vietnamese construction developers; the primary competitive benchmark for Pomina.
• Hoa Sen Group: Vietnamese steelmaker specializing in galvanized steel sheets and steel pipes, overlapping with Pomina's expanded product portfolio and competing for the same Vietnamese construction customer base.
• Ton Dong A Corporation: Vietnamese construction steel manufacturer competing directly with Pomina in rebar and wire rod markets in southern Vietnam.
• Hoa Binh Steel Group: Vietnamese steel manufacturer in the same rebar and billet category, competing for regional Vietnamese construction contracts.

Others

• ArcelorMittal: Global steel incumbent relevant for benchmarking Consteel technology adoption and integrated steelmaking economics, though operating at vastly larger scale than Pomina.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pomina Steel Corp