In February this year, Vietnam’s steel imports amounted to 894,698 mt, down 12.2 percent compared to January, while its scrap imports increased by 92.3 percent month on month to 340,258 mt, according to the data published by Vietnam’s General Department of Customs.
In the first two months this year, Vietnam’s steel imports decreased by 14.7 percent year on year to 1.91 million mt, while its scrap import shipments amounted to 516,240 mt in the given period, falling by 34.6 percent year on year.
Vietnam’s main scrap import sources
Country |
February (mt) |
Y-o-y change (%) |
January-February (mt) |
Y-o-y change (%) |
Japan |
126,963 |
-43.2 |
154,234 |
-61.5 |
US |
76,930 |
169.7 |
122,514 |
14.7 |
Australia |
31,403 |
18.9 |
36,776 |
-49.2 |
Vietnam’s main steel import sources
Country |
February (mt) |
Y-o-y change (%) |
January-February (mt) |
Y-o-y change (%) |
China |
309,440 |
-46.6 |
638,400 |
-41.4 |
Russia |
132,636 |
80.7 |
252,753 |
25.4 |
Japan |
123,662 |
-9.8 |
280,221 |
-8.7 |
India |
94,294 |
201.7 |
156,124 |
29.4 |
South Korea |
90,212 |
-16.0 |
226,900 |
-13.3 |
Taiwan |
65,005 |
-15.9 |
193,225 |
1.5 |