A few days ago, data from the Vietnam Iron and Steel Association showed that Vietnam imported nearly 19.83 million tons of steel in 2015, including finished and semi-finished steel products. The import volume increased by 27% year-on-year, and the import value reached 9.046 billion US dollars. Vietnam's steel imports from China accounted for 52% of its total imports.
According to reports, Vietnam exported 3.49 million tons of finished and semi-finished steel products in 2015, a year-on-year decrease of nearly 4%, and the export value was nearly US$2.5 billion, a year-on-year decrease of 14%. Vietnam's steel export market is mainly ASEAN countries, and its export volume accounts for 75% of its total steel output.
According to the report, the Vietnam Iron and Steel Association believes that in 2016, Vietnam’s steel industry will continue to encounter competition from China’s cheap steel products, not only in the domestic market, but also in Cambodia, Laos and other markets. compete.