In August this year, Vietnam’s steel imports amounted to 1,340,998 mt, up 13.1 percent compared to July, while its scrap imports increased by 16.4 percent month on month to 429,547 mt, according to the data published by Vietnam’s General Department of Customs.
In the first eight months of the year, Vietnam’s steel imports increased by 35.5 percent year on year to 10.75 million mt, while its scrap import shipments amounted to 3.24 million mt in the given period, up by 13.1 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 |
211,070 |
57.4 |
1,644,515 |
67.1 |
Australia |
55,954 |
-13.8 |
215,667 |
16.7 |
US |
46,017 |
8.2 |
335,260 |
-54.9 |
Hong Kong |
74,689 |
98.6 |
414,954 |
60.0 |
Vietnam’s main steel import sources
Country |
August (mt) |
Y-o-y change (%) |
January-August (mt) |
Y-o-y change (%) |
China |
805,995 |
-3.5 |
7,232,570 |
59.6 |
Japan |
244,762 |
44.4 |
1,344,366 |
5.6 |
India |
25,638 |
7.5 |
205,216 |
-42.7 |
Taiwan |
75,451 |
-13.1 |
596,652 |
21.5 |
South Korea |
110,876 |
6.8 |
786,389 |
11.9 |
Indonesia |
60,470 |
8.5 |
458,927 |
1.2 |