The steel industry’s biggest cost pressure over the next decade will not be raw material price — it will be the carbon intensity of how that steel is made, as buyers in construction, automotive and infrastructure increasingly ask suppliers to document their emissions. The partnership below, between ACME Group and Stavian Industrial Metal, is one of the clearer signals of where that supply chain is heading in Asia, and it shapes the sourcing decisions fabricators like Truong Thinh Corp will be making in the years ahead.
Strategic partnership to drive green steel production in Asia
ACME Group (India) and Stavian Industrial Metal (Vietnam) have signed a binding term sheet for a 10-year long-term sale and purchase agreement involving 0.8 million tonnes per annum (MTPA) of green Hot Briquetted Iron (HBI) and Direct Reduced Iron (DRI).
Under the agreement, ACME will supply the materials from its planned 1.2 MTPA Green HBI & DRI Plant (Phase 1), utilizing green hydrogen produced at its own facility to support the manufacturing of green steel.
Joint commitment to a sustainable steel future
Mr. Manoj Kumar Upadhyay, Chairman of ACME Group, stated:
“Our Green HBI and DRI project reaffirms ACME’s strong commitment to advancing clean technology solutions in India. We take pride in pioneering innovation within the renewable energy sector — especially in green hydrogen and its derivatives. Our long-term partnership with Stavian Industrial Metal will deliver sustainable solutions to hard-to-abate sectors such as steel manufacturing.”
From Stavian’s side, Mr. David Nguyen Minh Tu, Chairman of Stavian Industrial Metal, emphasized:
“The partnership between Stavian and ACME is not merely a commercial deal, but a shared responsibility toward achieving Net Zero goals — by 2050 for Vietnam and 2070 for India. With a solid foundation, strong financial capacity, and an ecosystem of over 20,000 customers across more than 100 countries, Stavian is committed to collaborating with global partners to build a more sustainable and greener steel industry for the shared future of Vietnam, India, and the world.”
Global green steel market accelerates the transition
The global green steel market is witnessing rapid transformation, driven by stronger climate commitments, tightening environmental regulations, and rising demand from industries aiming to decarbonize their manufacturing processes and supply chains.
What this means for fabricators sourcing steel in Vietnam
A domestic Vietnamese supplier scaling up green DRI/HBI capacity matters most to fabricators the way it matters to Truong Thinh Corp: it widens the pool of lower-carbon feedstock available for structural steel without relying entirely on imported material. As more clients — particularly export projects headed to markets with carbon-border requirements — start asking for documented emissions data alongside CO/CQ certificates, having a regional green-steel supply chain gives Vietnamese fabricators a credible answer rather than a workaround.
About the Companies
ACME Group is a leading Indian energy company, pioneering green hydrogen and clean technology projects to support industrial decarbonization.
Stavian Industrial Metal is a Vietnamese corporation specializing in the processing, investment, and trading of industrial metal materials, serving over 20,000 customers in more than 100 countries worldwide.
📖 Source: The Times of India (TNN), October 13, 2025
Truong Thinh Corp is a leading Vietnam manufacturer of pre-engineered steel structures for factories, warehouses and industrial projects worldwide. Explore our steel structure services or request a free quotation.
