Vietnam’s steel output and sales fall in January-October 

Friday, 11 November 2022 16:24:33 (GMT+3)   |   Istanbul
       

According to the Vietnam Steel Association (VSA), in October this year finished steel production in Vietnam totaled 2.04 million mt, decreasing by 16.38 percent compared to the previous month and down by 28.7 percent compared to October 2021, while steel product sales in the country in the same month decreased by 5.53 percent compared to September and were down by 29.4 percent year on year to 1.88 million mt. 

In the January-October period, steel production in Vietnam totaled 25.31 million mt, down by 8.7 percent, while steel sales in the country amounted to 23.16 million mt, decreasing by 16.6 percent, both year on year. 

Meanwhile, in September, Vietnam’s imports of finished steel decreased by 5.32 percent compared to the previous month and by 11.79 percent year on year to 743,000 mt, while in the first nine months the country’s finished steel product imports amounted to 8.93 million mt, decreasing by 8.3 percent year on year. In the given month, the country’s exports of finished steel totaled 533,000 mt, up by 3.8 percent month on month and down by 60.63 percent year on year, while in the January-September period this year Vietnam’s finished steel exports amounted to 6.46 million mt, down by 34.38 percent year on year.


Similar articles

Vietnam’s steel output and sales continue to fall in Jan-Nov

13 Dec | Steel News

SEAISI: Long steel demand in ASEAN-6 countries up 2.4 percent in 2022

23 Nov | Steel News

Vietnam’s steel output and sales fall in Jan-Sept

20 Oct | Steel News

Vietnam’s steel output and sales fall in H1

18 Jul | Steel News

Vietnam’s steel output and sales decrease in Jan-Apr

16 May | Steel News

Vietnam’s steel output and sales fall in Q1

03 May | Steel News

Uptrend reverses in Vietnam’s HRC import segment on China’s drops, buying still limited

22 Mar | Flats and Slab

Vietnam’s steel output and sales fall in January-February

16 Mar | Steel News

Steel demand in Vietnam to weaken further in 2023 amid stagnant real estate market

30 Jan | Steel News

Vietnam’s steel output and sales decrease in 2022

17 Jan | Steel News