In March this year, Vietnam’s steel imports amounted to 1.24 million mt, up 44.9 percent compared to February, while its scrap imports were recorded at 556,702 mt, increasing by 28.5 percent compared to the same month, according to the data published by Vietnam’s General Department of Customs.
In the first three months of the year, Vietnam’s steel imports decreased by 2.9 percent year on year to 3.62 million mt, while its scrap import shipments amounted to 1.49 million mt in the given period, up by eight percent year on year.
Vietnam’s main scrap import sources
| Country | March (mt) | Y-o-y change (%) | January-March (mt) | Y-o-y change (%) |
| Japan | 306,656 | 11.6 | 741,525 | -5.5 |
| Australia | 32,069 | -55.9 | 58,489 | -42.1 |
| US | 42,854 | -3.5 | 120,895 | -13.8 |
| Hong Kong | 27,457 | -28.6 | 100,573 | -11.8 |
Vietnam’s main steel import sources
| Country | March (mt) | Y-o-y change (%) | January-march (mt) | Y-o-y change (%) |
| China | 533,049 | -25.0 | 1,582,748 | -29.8 |
| Japan | 192,191 | 1.5 | 442,800 | -22.3 |
| India | 177,574 | >1000.0 | 347,655 | >1000.0 |
| Taiwan | 101,029 | 24.1 | 239,188 | 15.2 |
| South Korea | 92,262 | -24.3 | 402,269 | 16.0 |
| Indonesia | 123,319 | 8.8 | 496,070 | 59.5 |