In the first 8 months of 2021, imports of iron and steel of all kinds to Vietnam reached over 8.87 million tons, equivalent to over 7.73 billion USD, the average price was 871 USD/ton, down 4.5% in volume but increasing 42.5% in terms of turnover.
According to statistics of the General Department of Customs, in August 2021 iron and steel imports continued to decrease in both volume and turnover compared to July 2021, with a corresponding decrease of 9.8% and 7.4%. but the price increased by 2.6%, reaching 841,294 tons, equivalent to 922.1 billion USD, the price was 1,109 USD/ton; Compared to August 2020, it decreased by 27.6% in volume but increased by 43.9% in turnover and increased by 97.3% in price. Generally in the first 8 months of 2021, imports of iron and steel of all kinds to Vietnam reached over 8.87 million tons, equivalent to over 7.73 billion USD, the average price was 871 USD/ton, down 4.5% in volume. but up 42.5% in turnover and 49.1% in price over the same period in 2020.
The most imported iron and steel to Vietnam came from China, in August 2021 alone, imports from this market reached 268,781 tons, equivalent to 300.45 million USD, priced at 1,117.8 USD/ton, down 25. 8% in volume, down 23.5% in turnover but up 3% in price compared to July 2021; In the first 8 months of the year, imports of 4.27 million tons of iron and steel from China, equivalent to 3.52 billion USD, average price of 824 USD/ton, increased in volume, turnover and price over the same period last year. 2020, with an increase of 62%, 114.8 % and 32.6% respectively; accounting for 48.2% of the total volume and 45.6% of the total import turnover of iron and steel of the country.
Following is the Japanese market with over 1.25 million tons, equivalent to nearly 1.07 billion USD, the average price is 852 USD/ton, down 27.8% in volume but up 13.2% in turnover and price. increased by 56.8%, accounting for 14% of the total volume and total turnover.

Iron and steel imports from the Korean market reached nearly 1.02 million tons, equivalent to 1.05 billion USD, the average price was 1,028.4 USD/ton, down 12.4% in volume but up 26.4% in turnover. and up 44.3% in price over the same period in 2020, accounting for over 11.5% of the total volume and 13.5% of the country’s total iron and steel import turnover.Iron and steel imports in the first eight months of 2021

(Calculated from data published on September 14, 2021 of the General Department of Customs)

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