Vietnam Steel Association said that Vietnam spent around USD 4 billion in importing more than 3.8 million tonnes of steel in January-April 2022, up 8.5% YoY in value & down 24.1% YoY in volume. In April alone, Vietnam imported 800,000 tonnes of steel worth USD 906 million, down 40.6 YoY in volume and 16.8% YoY in valueIn 2021, Vietnam had spent USD 11.5 billion importing more than 12.3 million tonnes of steel, down 7.1% YoY in volume but up 42.6% YoY in value against 2020. The continued decline in steel import volumes is primarily due to commissioning of new steel capacities, including by Hoa Phat
Vietnam Steel Association said that Vietnam spent around USD 4 billion in importing more than 3.8 million tonnes of steel in January-April 2022, up 8.5% YoY in value & down 24.1% YoY in volume. In April alone, Vietnam imported 800,000 tonnes of steel worth USD 906 million, down 40.6 YoY in volume and 16.8% YoY in valueIn 2021, Vietnam had spent USD 11.5 billion importing more than 12.3 million tonnes of steel, down 7.1% YoY in volume but up 42.6% YoY in value against 2020. The continued decline in steel import volumes is primarily due to commissioning of new steel capacities, including by Hoa Phat
