<p>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 value</p><p>In 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</p>
<p>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 value</p><p>In 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</p>