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Steel exports from China to Vietnam increased year-on-year

In January-February, HRC futures increased significantly with China's steel export rate.

Steel exports from China to Vietnam increased year-on-year

According to the researches of the market representatives, there is no information about which products will be exempt from Vietnam, which will impose duties on some imported steel products.

In January 2023, 262,700 million/t steel was exported from China to Vietnam.

Exporting steel to Vietnam in February 2023, China's cumulative steel exports increased by 49% year on year to 12.19 million/t in 2023.

As of February, the total amount of steel exported from China to Vietnam was 855,700 million/t, which corresponds to 7.02% of the country's total steel exports.

On March 27, the HRC futures rate increased by 0.02%, while the number increased by 0.49% for rebar.


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