Vietnam's steel imports & exports decline in Jun
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Update time : 2024-07-16 14:52:54
According to Vietnam's customs, the country's steel imports fell in June after a rebound in May, with exports also experiencing a decline. However, scrap imports saw a significant increase after three consecutive months of decline.
Vietnam imported 1.28 million tons of steel in June, a 17% decrease from the previous month. Imports from China and Japan, the two largest suppliers, totaled about 935,000 tons and 137,000 tons, respectively, marking month-on-month decreases of 15.1% and 25.7%. For the first half of the year, total imports reached 8.23 million tons, a 48% increase year-on-year.
Scrap steel imports in June surged by 54.1% month-on-month to nearly 456,000 tons, more than doubling year-on-year. In the first half of the year, scrap imports totaled 2.44 million tons, a 4.3% increase year-on-year.
Vietnam's steel exports in June were around 988,000 tons, an 11.6% decrease month-on-month and a 1.8% decrease year-on-year. However, for the first half of the year, exports increased by 20.5% year on year, reaching 6.49 million tons.
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