According to the Vietnam Steel Association, in January this year Vietnam’s steel production totaled 1.66 million mt, down 26.21 percent compared to December and falling by 22.3 percent compared to the same period of the previous year.
In the given month, the country’s steel sales came to 1.37 million mt, decreasing by 31.83 percent month on month and declining 30.2 percent year on year. Out of total sales, steel exports totaled 283,134 mt, falling by 21.34 percent compared to December and down by 38 percent compared to the same month in 2019.
In January, Vietnam’s steel imports totaled 944,865 mt, down by 20.9 percent month on month and decreasing by 18.2 percent compared to the same month of the previous year, according to the data published by the General Department of Customs. Vietnam imported 351,764 mt of ferrous waste and scrap in the same month, declining by 33.5 percent from the previous month and down by 32 percent compared to the corresponding month of 2019.