In November this year, Vietnam’s steel imports amounted to 963,032 mt, up 15.9 percent compared to October, while its scrap imports declined by 16.9 percent month on month to 251,484 mt, according to the data published by Vietnam’s General Department of Customs.
In the first 11 months this year, Vietnam’s steel imports decreased by 6.4 percent year on year to 10.73 million mt, while its scrap import shipments amounted to 3.96 million mt in the given period, falling by 31.4 percent year on year.
Vietnam’s main scrap import sources
Country |
November (mt) |
Y-o-y change (%) |
January- November (mt) |
Y-o-y change (%) |
US |
83,293 |
-4.9 |
861,183 |
-44.2 |
Japan |
62,232 |
-631 |
1,237,921 |
-41.4 |
Hong Kong |
37,051 |
-42.1 |
382,058 |
-17.5 |
Singapore |
26,721 |
+11.0 |
197,210 |
+72.9 |
Vietnam’s main steel import sources
Country |
November (mt) |
Y-o-y change (%) |
January- November (mt) |
Y-o-y change (%) |
China |
379,185 |
+168.3 |
4,690,315 |
-0.7 |
Japan |
180,636 |
+19.7 |
1,708,054 |
+1.1 |
Taiwan |
132,417 |
+40.9 |
1,083,225 |
+7.7 |
India |
106,847 |
-24.7 |
941,054 |
-37.3 |
South Korea |
90,366 |
-15.7 |
1,174,938 |
-12.7 |
Indonesia |
31,180 |
-21.6 |
491,343 |
+96.4 |