Vietnam's steel imports up 13.7 percent in July from June

18 August, 2023 by

In July, the data released by Vietnam's General Department of Customs reveals that the country's steel imports witnessed a significant rise, reaching 1,089,429 metric tons, marking a 13.7 percent increase compared to June. Concurrently, scrap imports also experienced growth, with a 4.6 percent month-on-month increase to reach 216,867 metric tons.

Analyzing the cumulative data for the first seven months of the year, a different trend emerges. Vietnam's steel imports for this period show a decline of 10.3 percent year-on-year, totaling 6.64 million metric tons. Correspondingly, scrap imports during the same period amounted to 2.56 million metric tons, reflecting a decrease of 7.0 percent compared to the previous year.

Read More: Finished steel imports to Mexico surge up 51 percent in June

Vietnam Steel by Hoa Sen Group

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