Vietnam News reported that Vietnam steel exports have reached almost USD 2 billion so far this year an increase of almost 15% compared to the same period in 2018. According to the General Department of Customs, Viet Nam’s steel exports in July rose by 4.7% from the previous month. The steel exports saw an increase in July after three months of consecutive decreases. The US continued to be the largest importer of steel products with turnover of USD 378.3 million, accounting for 19.5% of the country’s total exports. It was followed by Japan, India, Thailand and South Korea. In addition to the US and Asian markets, steel exports to European countries also rose in the January to July period. Shipments to Switzerland increased sharply by 206% from the same period last year. In addition, steel exports to Norway and England were also surged.
Hòa Phát Group shipped abroad 165,000 tonnes of construction steel in the first eight months of this year, up 38% YoY.
During the period, it churned out a total of 1.77 million tonnes , an increase of more than 20% against the corresponding time last year.
Source of information