Saigon Times reported that Vietnam’s General Department of Vietnam Customs data shows that China is no longer a major export market for Vietnamese-made steel. Vietnam exported 514,000 tonnes of steel in August, with a total value of around USD 458 million, down 16.3% in volume and 29% in revenue over July. This revenue was a record low since June 2020.Vietnam’s steel exports reached 5.9 million tonnes and brought USD 6.08 billion, a drop of 30.3% in quantity and 13.4% in earnings over the same period last year. Of this, steel exports to China plunged in January-August, down 95% in volume and turnover against the same period last year, with 93,400 tonnes and USD 55 million. Steel exports China had declined by 1.65 million tonnes and USD 1 billion in the year to end-August, eliminating it from the 10 largest export markets for Vietnamese steel.Meanwhile, in the first eight months, steel exports to other major markets, such as Europe and the United States, turned volatile. The past two months have seen a sharp plunge in steel sales to these markets. According to the General Department of Vietnam Customs, steel exports to the US between January and August decreased 15.6% to 453,000 tonnes, while exports to the European market edged up 0.8% to 1.13 million tonnes.