Vietnam’s Steel imports dip 5% to 12.19 mn t in CY’21

Steel imports by Vietnam aggregated to 12.19 mn t in CY’21, down 5% against 12.82 mn t in the same period last year. Import volumes from China surged 28% to 4.80 mn t in CY’21 from 3.74 mn t seen in CY’20. Imports from Japan and South Korea fell 17% y-o-y to 1.89 mn t and 1.48 mn t respectively in CY’21. On the other hand, imports from India fell sharply by 34% to 1.63 mn t in comparison to 2.48 mn t in CY’20. Steel imports from Russia surged 50% to 694,219 t in CY’21, from 463,360 t in CY’20.