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Category: Steel
Vietnam’s iron and steel production remains elevated despite January decline
Vietnam’s iron, steel, and cast iron production surged by 225.2 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. However, this marked a decline from December 2024, when output was up 260.2 percent from 2019 levels.
Vietnam’s iron and steel product imports rise by 4.60 percent in December
China remained the top supplier, exporting US$430.29 million in December, up 4.32 percent month-on-month. South Korea followed with US$65.80 million, a 5.35 percent increase. The USA and Germany showed notable growth, with imports rising 28.88 percent and 24.00 percent, respectively.
Vietnam’s iron and steel products exports rise by 23.05 percent in December
Vietnam’s iron and steel products exports total US$4.59 billion for 2024.
Vietnam’s iron and steel exports decline by 11.08 percent in December
Vietnam’s iron and steel exports total US$9.08 billion for 2024, reflecting strong demand despite the month-on-month decline.
Vietnam’s iron and steel production sees steady growth in 2024
Year-on-year, the sector grew by 5.6 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 9.5 percent compared to 2023, reflecting consistent progress throughout the year.
Vietnam’s iron and steel imports hit US$1.08 billion in December
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
Vietnam’s iron and steel exports fall in November
Year-to-date exports stood at US$8.55 billion, with the United States being the top market, importing US$72.9 million in November, a rise of 22.67 percent.
Vietnam’s iron and steel exports rise in November
Year-to-date exports stood at US$4.09 billion, with the USA as the largest importer at US$1.17 billion, despite a 10.44 percent monthly decline. Japan followed with US$559.99 million, experiencing a modest growth of 1.23 percent.
Vietnam’s iron and steel imports fall sharply by 31.9 percent in November
China remained Vietnam’s largest supplier, accounting for US$550.87 million, though this reflected a sharp drop of 46.04 percent month-on-month. Imports from South Korea grew by 8.17 percent, reaching US$138.92 million, while Japan recorded a 12.70 percent increase to US$135.15 million.
Vietnam’s steel production and exports show strong growth in 2024: VSA
The production of finished steel products of all kinds reached 24.47 million tons, up 8.5 percent year-on-year. Among product categories, metal-coated and color-coated steel recorded the highest growth at 27.1 percent, followed by construction steel at 12.2 percent, steel pipes at 4.6 percent, and hot-rolled coil (HRC) at 3.2 percent. However, cold-rolled steel coil (CRC) production experienced a decline of 16.2 percent.
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data sets
Vietnam Car Sales Tracker: January Update [data]
Vietnam Exports Tracker: January Update [data set]
Vietnam Imports Tracker: January Update [data set]
Vietnam CPI Tracker: January Update [data set]
Vietnam Tourist Arrivals Tracker: January Update [data set]
Vietnam FDI Tracker by Sector: January Update [data set]
Vietnam FDI Source Country Tracker: January Update [data set]
Vietnam Retail Sales Tracker: November Update [data set]
Doing Business in Vietnam: Events Directory 2025