Vietnam spent over $ 5.6 billion on imports of over 9.7 million tonnes of steel and pig iron in the first eight months of this year, down 13.2 percent in value and 0.9 percent in volume over the same period. last year. In August alone, the country imported 1.6 million tons of products worth US $ 828 million, an increase of 25 percent in volume and 0.2 percent in value lower than last year. The main steel markets for Vietnam during this period were China, India, Japan and South Korea.
In 2019, Vietnam invested nearly US $ 9.5 billion in imports of approximately 14.6 million tonnes of steel and pig iron, an increase of 7.6% in volume but an increase of 4.2
Vietnamese steel imports in January-August 2020 reached 10 million tons
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