Vietnam imported 19.83 million tons of finished and semi-finished steel products, 52% of which were from China. Meanwhile, most of Vietnam’s steel products were shipped to ASEAN, which accounted for 75% of total exports.
 

In the domestic market, VSA reported that its members sold around 551,000 tons of construction steel in January, down 6% compared to the previous month but up 36.6% over the same period last year.

However, the prices of steel scraps and steel ingots began rising after a long-time decline, making the selling prices up.