Vietnam imported 1.52 million mt of steel in November 2025, down 0.4% from October, according to the General Department of Customs. Scrap imports fell much more sharply — down 23.8% year on year to 429,802 mt.
Key scrap suppliers in November included:
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Japan: 221,842 mt (-12.5%)
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US: 41,712 mt (-1.5%)
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Australia: 27,008 mt (-9.6%)
For January–November, the US (+50.3%) and Japan (+32.5%) saw strong growth in scrap shipments to Vietnam.
Main steel suppliers in November were:
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China: 870,786 mt (-0.6%)
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Japan: 165,077 mt (-25.2%)
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South Korea: 190,941 mt (+6.3%)
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Indonesia: 153,744 mt (+51.2%)
China remained the dominant source in the year-to-date period, supplying 8.36 million mt, though this was 24.2% lower than last year.
VietnamSteel by Hoa Sen Group
