Iron and steel exports soar by 44% over nine-month period

VOV.VN - Vietnam exported seven million tonnes of steel and iron worth a total of US$3.65 billion during the first nine months of the year, an increase of 44.4% in volume and 16% in turnover, despite suffering a drop of 19.7% in value from the same period last year.

Most notably, the average export price of iron and steel products reached US$522.2 per tonne.

According to figures released by the General Department of Vietnam Customs, the country’s iron and steel exports during September hit US$544.21 million, a monthly decline of 10.6% in volume and 5.8% in turnover.

Furthermore, the average export price stood at US$523.4 per tonne, a rise of 5.4% in comparison with the previous month.

China maintained its place as the largest importer of domestic iron and steel products, making up 28.5% of total turnover by importing 2.53 million tonnes worth US$1.04 billion.

In second were Cambodia, who imported a total of 1.18 million tonnes worth US$625.09 million, followed by Thailand with 0.53 million tonnes worth US$297.65 million.

Throughout the reviewed period, the nation also recorded significant growth in terms of exports to Brazil, Germany, and the Philippines.

Mời quý độc giả theo dõi VOV.VN trên

Related

Steel products experience slow consumption in October
Steel products experience slow consumption in October

Consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association (VSA).

Steel products experience slow consumption in October

Steel products experience slow consumption in October

Consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association (VSA).