Import market of iron and steel 10 months of 2021

In October 2021 alone, imported 841,767 tons of iron and steel, equivalent to over US$923.97 million, with the average price of US$1,097.7 per ton, up 3.4% in volume, but down slightly by 1.1% in turnover. , down 4.3% in price compared to September 2021; Compared to October 2020, it decreased by 7.3% in volume, but increased by 55.7% in turnover and increased by 68% in price.

Iron and steel of all kinds imported into Vietnam originated from China, with 4.58 million tons, equivalent to 3.93 billion USD, priced at 856.8 USD/ton, a sharp increase of 53.4% ​​in volume, up 106.4 percent in turnover, 34.6% in price over the same period in 2020, accounting for 43.5% of the total volume and 40.9% of the country's total iron and steel import turnover.

Behind the main market of China is Japan with 1.54 million tons, equivalent to 1.37 billion USD, import price is 889.3 USD/ton, down 29.4% in volume but up 15.6 % of turnover, an increase of 63.7% in price over the same period in 2020, accounting for over 14% of total volume and total turnover.

Followed by the Korean market reached 1.24 million tons, worth $1.3 billion, priced at $1,047.5/ton, down 17.6% in volume, but up 22% in turnover and up 48% in value. compared with the first 10 months of 2020, accounting for 11.8% of the total volume and 13.5% of the total import turnover of iron and steel of the country.
Import of iron and steel of all kinds in 10 months of 2021

(Calculated according to the data published on 11/13/2021 of the General Department of Customs)