Vietnam's steel imports increased in November

In November, Vietnam's steel imports increased by 15.9% compared to the previous month, reaching approximately 963,000 tons. In the first eleven months, imports decreased by 6.4% y-o-y to 10.73 million tons.

In November, China was the main source of Vietnam's steel imports with approximately 379,000 tons. Japan (about 181,000 tons) and Taiwan (about 132,000 tons) placed 2nd and 3rd.

Vietnam's scrap imports decreased by 16.9% m-o-m to around 251,000 tons. Among these, imports from the USA had the largest share with 83,000 tons, down by 4.9% y-o-y.