Vietnam Remains Major Steel Importer in Jan-May 2021
According to the General Statistics Office, Vietnam spent over USD 4.6 billion importing more than 6 million tonnes of steel in January-Mau 2021, up 38% in value and 9% in volume as against the same period last year. China was the largest supplier, followed by Japan, South Korea and India.
In May 2021, Vietnam imported 1 million tonnes of the products worth USD 913 million, down 5% in volume but up 44% in value year on year
In 2020, Vietnam spent nearly USD 8.1 billion importing 13.4 million tonnes of steel, down 15% in value and 8%t in volume against 2019.