According to statistics from the General Department of Customs, iron and steel imports to Vietnam in June reached more than 6 million tons with a value of more than 1,2 million USD, down 934% in volume and 17% in value. compared to the previous month.

Accumulated in the first 6 months of the year, Vietnam imported more than 8,2 million tons of iron and steel, equivalent to more than 5,9 billion USD, a sharp increase of 48% in volume and 25% in value compared to the same period last year. Import prices in June reached 6 USD/ton, down 727% compared to June 17.

In terms of import markets, our country imports the most iron and steel from China with 5,7 million tons in the first 6 months of the year, equivalent to a turnover of more than 366 million USD, a sharp increase of 86% in volume and 59% in value. value compared to the same period in 2023. Import prices also recorded a decrease of 14% over the same period, reaching more than 641 USD/ton.

Ranked 2nd among steel suppliers to Vietnam is Japan with 878.851 tons of iron and steel, equivalent to more than 878 million USD, down 2% in volume but up 24% in value compared to the same period in 2023. The average import price reached 1.000 USD/ton, a sharp increase of 27% compared to the previous year.

Korea is Vietnam's third largest iron and steel supplier with 3 tons, turnover reaching more than 568.335 million USD, an increase of 540% in volume but only an increase of nearly 11% in value over the same period last year. Import price reached 1 USD/ton, down 951% compared to 9M/6.

Regarding the domestic production situation, in 2020, Vietnam's crude steel output reached 19,9 million tons, helping Vietnam rise to 14th position in the world and top ASEAN in finished steel consumption with 23,3 tons. 2023 million tons. By 12, Vietnam will rise to 20th position in the world in crude steel production with an output of XNUMX million tons.

Also according to data from the General Department of Customs, in June alone, Vietnam imported 6 tons of hot rolled steel coils (HRC), equal to 886.000% of domestic production. Notably, the amount of steel imported from China accounts for 151%. Overall, in the first half of the year, imported hot rolled steel output amounted to nearly 77 million tons, up 6% over the same period in 32. This import volume is equal to 2023% of domestic production, of which the amount of steel imported from China accounts for 173%, the rest comes from Korea, India, Japan...

The value of HRC import turnover in 6 months reached 3,46 billion USD, with China alone accounting for 2,5 billion USD. Regarding the price of imported HRC, imported products from China are very low, on average 560 USD/ton, lower than the domestic offering price of about 15-20 USD/ton and lower than other countries from 45-108 USD. /ton.

Vietnam Steel Association (VSA) said that the demand for hot rolled steel in Vietnam is about 12-13 million tons/year. The capacity of domestic factories is currently about 9 million tons. The massive import of steel flooded into Vietnam, the imported output was at times nearly 200% of domestic production, causing the enterprise's market share of hot rolled steel sales to be lost to imported goods.

The HRC sales market share of domestic enterprises such as Hoa Phat and Formosa decreased from 42% in 2021 to 30% in 2023 and is currently continuing to decline.

Steel industry experts also said that Vietnam's steel industry, especially the production of high quality steel and HRC steel, is quite disadvantaged, due to the previous context of not being able to produce domestically, so international agreements and commitments All economies have an import tax rate of 0%.

Faced with the situation of massively importing hot rolled steel coils at cheap prices, businesses and experts also believe that relevant agencies continue to build and perfect the system of technical and management regulations and standards. quality, technical barriers, and at the same time have reasonable defense measures, thereby preventing steel products that do not meet technical safety and environmental standards from entering the Vietnamese market.

Source: Vietnam.vn