In August this year, Vietnam’s steel imports amounted to 785,138 mt, down 13.6 percent compared to July, while its scrap imports rose by 51.6 percent month on month to 328,925 mt, according to the data published by Vietnam’s General Department of Customs.
In the first eight months this year, Vietnam’s steel imports decreased by eight percent year on year to 8.19 million mt, while its scrap import shipments amounted to 3.08 million mt in the given period, falling by 32.0 percent year on year.
Vietnam’s main scrap import sources
Country |
August (mt) |
Y-o-y change (%) |
January- August (mt) |
Y-o-y change (%) |
Japan |
121,196 |
+21.9 |
890,978 |
-47.9 |
US |
69,880 |
-43.7 |
688,472 |
-43.3 |
Hong Kong |
48,115 |
+12.7 |
289,089 |
-13.9 |
Singapore |
17,675 |
-6.1 |
143,472 |
+59.5 |
Vietnam’s main steel import sources
Country |
August (mt) |
Y-o-y change (%) |
January- August (mt) |
Y-o-y change (%) |
China |
352,156 |
+31.0 |
3,767,461 |
-11.8 |
Japan |
134,299 |
-20.5 |
1,283,393 |
+2.4 |
South Korea |
117,402 |
+0.3 |
910,766 |
-10.4 |
India |
67,230 |
-60.5 |
591,222 |
-36.1 |
Taiwan |
56,690 |
-30.5 |
744,062 |
-5.4 |