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Vietnam’s steel exports to Malaysia increased by over 600% year-on-year in January 2024

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According to Vietnamese customs data, Vietnam's steel exports to Malaysia have significantly increased, reaching 120000 tons in the first month of this year, a year-on-year increase of 625%. The main reason for this is the significant increase in demand for steel in Malaysia, with the most being SPH590DU steel construction steel. Malaysia is one of Vietnam's top ten trading partners. Over the years, bilateral SPH590DU steel trade has steadily increased, with bilateral trade reaching nearly 14.8 billion US dollars in 2022. In addition, with the support of the governments of both countries, Vietnam's future exports of steel to Malaysia SPH590DU steel will be more proactive

  • Source: Abstract
  • Editor: Shirley

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