(HSV VIETNAM GROUP) - In January 2024, the country imported 1.49 million tons of iron and steel, equivalent to nearly 1.06 billion USD, an increase of 151.2% in volume, an increase of 101.6% in turnover compared to January 2023.
According to preliminary statistics of the General Department of Customs, in January 2024 the country imported 1.49 million tons of iron and steel, equivalent to 1.06 billion USD, average price 711.9 USD/ton, up 27.3% in volume, up 22.3% in turnover but down 3.9% in price compared to December 2023; Compared to January 2023, it increased by 151.2% in volume, increased by 101.6% in turnover but decreased by 19.7% in price.
China (Mainland) is the leading iron and steel supply market for Vietnam, accounting for 67.6% of the total volume and 60% of the total turnover, reaching nearly 1.01 million tons, equivalent to nearly 635.66 million USD, average price 631.5 USD/ton, up 25.7% in volume, up 24% in turnover but down 1.4% in price compared to December 2023; Compared to January 2023, it increased 376.4% in volume, increased 247% in turnover but decreased 27.2% in price.
Next is the Indonesian market, accounting for over 4.4% of the total volume and 9.7% of the country's total imported iron and steel turnover, reaching 65,140 tons, equivalent to nearly 102.63 million USD, average price of 1,575 USD/ton, up 14.3% in volume, up 7.7% in turnover but down 5.8% in price compared to December 2023; Compared to January 2023, it is down 19.5% in volume, down 7.5% in turnover but up 14.8% in price.
The Japanese market ranked third with 135,841 tons, equivalent to 94.44 million USD, price 695.2 USD/ton, up 7% in volume, up 2% in turnover but down 4.6% in price compared to December 2023; increased 28.5% in volume, increased 23.2% in turnover but decreased 4% in price compared to January 2023, accounting for 9% of the country's total iron and steel import volume and turnover.
Imports from FTA RCEP markets were 1.31 million tons, equivalent to 934.22 million USD, up 20.8% in volume and 17% in turnover over the same period last year.
Iron and steel imports in January 2024
(Calculated according to data published on February 21, 2024 by the General Department of Customs)
Ha Diem HSV