Tel :
Vietnam's steel imports saw a slight month-on-month decrease in November, but the decline was smaller than that of the same period last year. According to preliminary statistics from Vietnamese customs, steel imports in November totaled approximately 1.52 million tons, a decrease of 0.4% month-on-month but an increase of 3.8% year-on-year. 35P135 Grain oriented electrical steel, Cumulative imports from January to November this year reached 14.24 million tons, a decrease of 11.9% year-on-year.
During the same period, Vietnam's scrap steel imports were 429,800 tons, a decrease of 23.8% month-on-month and a decrease of 4.3% year-on-year. 35P135 Grain oriented electrical steel, However, cumulative scrap steel imports for the first 11 months of this year still reached approximately 5.57 million tons, an increase of 29.1% year-on-year.
On the export front, Vietnam's steel exports in November totaled 644,300 tons, a 4.9% decrease month-on-month and a 26.6% decrease year-on-year. 35P135 Grain oriented electrical steel, Cumulative exports from January to November this year reached approximately 9.22 million tons, a 22.6% decrease year-on-year.
Although both steel imports and exports declined month-on-month in November, the value of imports increased by 4.4% month-on-month, while the value of exports decreased by 5.3% month-on-month.