Posted on 12 Jul 2024
Vietnam saw declining iron and steel imports in June after their rebound a month earlier, while exports slipped as well. Scrap imports however surged after three consecutive months of decline, Kallanish learns from Vietnam Customs.
The country imported 1.28 million tonnes of iron and steel in June, down 17% on-month. Shipments from China and Japan, its top two steel suppliers, dropped 15.1% and 25.7% on-month respectively to 935,266t and 137,294t. Imports remained 35.5% higher on-year and import volumes over the first half-year reached 8.23mt, up 48% year-on-year.
Ferrous waste and scrap imports to Vietnam meanwhile hiked 54.1% on-month to 455,841t in June. This was more than double the previous year, leaving scrap imports over the first half at 2.44mt, up 4.3% on-year.
Vietnam's steel exports slipped 11.6% on-month and 1.8% on-year to 988,107t in June. But exports in H1 grew 20.5% on-year to 6.49mt.
Source:Kallanish
