In June this year, Vietnam’s steel imports amounted to 1.24 million mt, down 2.9 percent compared to May, while its scrap imports decreased by 10.2 percent month on month to 561,825 mt, according to the data published by Vietnam’s General Department of Customs.
In the first six months this year, Vietnam’s steel imports decreased by 8.6 percent year on year to 6.50 million mt, while its scrap import shipments amounted to 2.53 million mt in the given period, falling by 26.4 percent year on year.
Vietnam’s main scrap import sources
Country |
June (mt) |
Y-o-y change (%) |
January-June (mt) |
Y-o-y change (%) |
US |
172,684 |
-36.9 |
582,690 |
-28.4 |
Japan |
146,886 |
-41.1 |
710,763 |
-50.0 |
Australia |
57,085 |
+813.0 |
216,456 |
-16.4 |
Vietnam’s main steel import sources
Country |
June (mt) |
Y-o-y change (%) |
January-June (mt) |
Y-o-y change (%) |
China |
782,548 |
-51.9 |
2,955,798 |
-18.9 |
Japan |
153,920 |
-3.0 |
1,024,800 |
+8.6 |
South Korea |
116,843 |
-4.0 |
678,480 |
-11.7 |
Taiwan |
111,256 |
+0.9 |
607,090 |
-0.8 |
Indonesia |
33,386 |
+35.0 |
275,981 |
+141.8 |
India |
24,679 |
-86.2 |
472,284 |
-19.5 |