Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Iron and steel exports grew up 49pc in Vietnam in H1 2021, to 5.52mn mt from 3.7mn mt, compared to the same period of 2020, according to Vietnam customs data.


There was also a 16pc growth to 1.02mn mt in June this year from 882,019mt in the same month last year. Iron and steel exports, also climbed 4pc, from 979,927mt in May.


China was the largest importer of Vietnamese iron and steel, with 122,959mt; Cambodia was second with 87,264mt, followed by Belgium, with 85,648mt; the USA, with 82,414mt; and Taiwan with 71,127mt.


By contrast, iron and steel imports fell in the first half of this year compared to last year, dropping 12pc, to 5.8mn mt from 6.6mn mt.


The downward trend was also seen this June, with a 6pc decline at 1.1mn mt compared to 1.2mn mt in the previous year. By contrast, the imports volume increased 18pc from 951,632mt in May.


China was the largest iron and steel exporter to Vietnam with 515,344mt, followed by India, with 179,086mt; Japan, with 158,672mt; South Korea, with 121,706mt; and Taiwan with 110,262mt.

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