In August this year, Vietnam’s steel imports amounted to 1.35 million mt, up 17 percent compared to July, while its scrap imports were recorded at 510,170 mt, down 0.8 percent compared to the same month, according to the data published by Vietnam’s General Department of Customs.
In the first eight months of the year, Vietnam’s steel imports decreased by 6.2 percent year on year to 10.07 million mt, while its scrap import shipments amounted to 4.06 million mt in the given period, up by 25.7 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 | 251,284 | 19.1 | 2,142,802 | 30.3 |
| Australia | 15,468 | -72.4 | 244,593 | 13.4 |
| US | 105,408 | 148.0 | 501,343 | 49.5 |
| Hong Kong | 25,430 | -66.0 | 262,800 | -36.7 |
Vietnam’s main steel import sources
| Country | August (mt) | Y-o-y change (%) | January-August (mt) | Y-o-y change (%) |
| China | 744,516 | -7.6 | 5,878,683 | -18.7 |
| Japan | 177,334 | -27.5 | 1,540,820 | 14.6 |
| India | 929 | -96.4 | 10,647 | -94.8 |
| Taiwan | 84,158 | 11.5 | 567,581 | -4.9 |
| South Korea | 219,471 | 97.9 | 1,053,832 | 34.0 |
| Indonesia | 74,971 | 24.0 | 816,521 | 77.9 |