Steel import turnover in 2021 increased by nearly 43%

According to calculations from preliminary statistics of the General Department of Customs, in December 2021, imports of iron and steel of all kinds reached 909,625 tons with a turnover of US$1.03 billion, price of US$1,128/ton, up 10% in value. volume, up 12.2% in turnover and 1.9% in price compared to November 2021; Compared to December 2020, it decreased by 9.8% in volume, but increased by 43% in turnover and increased by 58.6% in price.

For the whole year of 2021, iron and steel imports reached 12.31 million tons, equivalent to 11.52 billion USD, the average price was 935.8 USD/ton, down 7% in volume, but up 42.8% in turnover. , up 53.8% in price compared to 2020.

Iron and steel of all kinds imported to Vietnam originated from China, accounting for 40.3% of the total volume and 38% of the total import turnover of iron and steel of the country, reaching 4.96 million tons. , worth USD 4.38 billion, the average price of USD 882.2/ton, increasing in both volume, value and price compared to 2020, with an increase of 32%, 79.9% and 36.3% respectively; In December 2021 alone, imports of iron and steel from this market reached 216,357 tons, equivalent to 272.93 million USD, priced at 1,261.5 USD/ton, up 53% in volume, up 49.3% in turnover but down 2. .5% in price compared to November 2021.

Japan is the second largest market with 1.89 million tons, worth 1.73 billion USD, average price 913.6 USD/ton, down 22.8% in volume, but up 23.8% in turnover. , up 60.3% in price compared to 2020.
The Korean market ranked third with 1.48 million tons, worth 1.59 billion USD, the average price was 1,074 USD/ton, down 16.5% in volume, up 24.4% in turnover, up 49%. in terms of prices compared to 2020.
In general, in 2021, iron and steel import turnover from most markets increased sharply compared to 2020.
Import of iron and steel in 2021

(Calculated according to data published on January 14, 2022 of the General Department of Customs)