In the first 8 months of 2021, imports of iron and steel scrap reached 4.53 million tons, equivalent to 1.95 billion USD
According to statistics of the General Department of Customs, in August 2021, the whole country imported 388,344 tons of iron and steel scrap, equivalent to US$185.38 million, down 44.9% in volume and 44.3% in turnover. compared with the previous month, and also sharply decreased 42.8% in volume but increased 10.8% in turnover compared to the same month last year. Import prices in August 2021 averaged 477.4 USD/ton, up 1.1% compared to July 2021 but increased sharply by 93.4% compared to August 2020.
For the whole first 8 months of 2021, imports of this commodity group reached 4.53 million tons, equivalent to 1.95 billion USD, up 19% in volume and 102.6% in volume compared to the first 8 months of 2020. Prices the average in all 8 months reached 429.3 USD/ton, up 70.3% over the same period.
The most imported iron and steel scrap to Vietnam came from Japan, reaching 1.71 million tons, equivalent to nearly 785.62 million USD, accounting for 37.7% of the total amount of imported iron and steel scrap of the whole country. countries and accounted for 40.4% of the total turnover, down 18.4% in volume but up 37.9% in volume compared to the first 8 months of 2020.
The second largest market supplying this group of goods to Vietnam is the US with 1.22 million tons, equivalent to nearly US$523.33 million, accounting for 27% of the total volume and total turnover, a sharp increase of 111.3% in volume. and 248.2% increase in volume over the same period.
Import of iron and steel scrap from the Australian market accounted for 8% of the total volume and turnover, reaching 354,595 tons, valued at USD 163.83 million, up 67.8% in volume and 184.2 % in turnover compared to that of the Australian market. with the same period.
Imports from the Hong Kong market accounted for over 7.5% of total volume and total turnover, reaching 335,883 tons, worth 150.82 million USD, up 16.7% in volume and 99% in turnover.

In general, in the first 8 months of this year, imports of iron and steel scrap from most markets increased in turnover compared to the same period in 2020. Import of iron and steel scrap in the first 8 months of 2021

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

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