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18 Jan
10:51

Vietnam's steel exports jump, imports slip in 2021

Vietnam's steel industry achieved an increase in exports in 2021, but the impact of the Covid-19 pandemic led to a contraction in domestic demand and a decline in imports. Kallanish learns from Vietnam Customs data that steel exports reached 11.71 million tonnes in 2021, a 27% increase from 9.24mt in 2020. However, export volumes dropped by 20% to 809,983 tonnes in December 2021 from 1.02mt in November. Despite the year-on-year decline in exports to China and…
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