Vietnam’s Steel Output & Sales Increases in January-May
Vietnam Steel Association announced that steel production in Vietnam totaled 2.92 million tonnes in May 2021, increasing by 3.5% compared to April 2021 & up by 40.0% YoY, while steel product sales were down 8.4% compared to April 2021 & up by by 30.8% YoY from May 2020 to 2.47 million tonnes. In the January-May period this year, steel production in Vietnam increased by 38.7% YoY to 13.40 million tonnes, while steel sales rose by 38.2% YoY to 11.96 million tonnes.
Vietnam’s steel exports in May 2021 totaled 630,551 tonnes, increasing by 18.0% compared to the previous month and up by 2.4 compared to the same month last year.
According to the General Department of Vietnam Customs, Vietnam exported a total of 4.88 million tonnes of steel between January and May, up 62% YoY while export value rose 117% to USD 3.61 billion.
China - 1.1 million tonnes, twice that of last year
EU - 713,000 tonnes
Cambodia – 584,000 tonnes
Mexico – 293,000 tonnes