In January this year, Vietnam’s steel imports amounted to 950,221 mt, down 36.0 percent compared to December, while its scrap imports decreased by 51.1 percent month on month to 301,290 mt, according to the data published by Vietnam’s General Department of Customs.
Vietnam’s main scrap import sources
Country |
January 2025 (mt) |
Y-o-y change (%) |
Japan |
146,240 |
-29.3 |
Australia |
1,867 |
30.7 |
US |
35,512 |
21.0 |
Hong Kong |
45,643 |
-13.5 |
Vietnam’s main steel import sources
Country |
January 2025 (mt) |
Y-o-y change (%) |
China |
537,474 |
-46.6 |
Japan |
154,069 |
13.4 |
India |
890 |
-98.5 |
Taiwan |
63,126 |
-40.8 |
South Korea |
1,717 |
-98.2 |
Indonesia |
77,460 |
18.9 |