In November 2017 alone, the price of imported steel increased by 3.8% compared to October 2017 and also increased sharply by 35% compared to the same month in 2016, reaching 666 USD/ton. The amount of steel imported in November reached 1.19 million tons, worth 790.86 million USD, down 3.8% in volume and 0.12% in value compared to October 2017.
Steel originating from the Chinese market imported into Vietnam accounted for 47% of the total volume of imported steel in the country and 46% of the total turnover, reaching 6.54 million tons, worth 3.79 billion USD, down 33.7% in volume and 6% in value compared to the same period. The price of imported steel from China in the first 11 months of this year increased sharply by 42% compared to the same period last year, reaching an average of 579.4 USD/ton. Steel originating from Japan accounted for 15% of the total volume and total import turnover of steel in the country, with 2.09 million tons, worth 1.27 billion USD, down 13.8% in volume but up 17.4% in value compared to the same period. The price of imported steel from Japan in the first 11 months of this year also increased by 36.2% compared to the same period last year, reaching an average of 606 USD/ton.
Iron and steel imported from Korea accounted for 11.4% of the total volume of imported iron and steel in the country and 13.6% of the total turnover, reaching 1.58 million tons, worth 1.12 billion USD, down 6.4% in volume but up 20.5% in value. The price of imported iron and steel from this market reached an average of 709.6 USD/ton, up 28.7% over the same period last year.
In addition, steel imports from Taiwan were 1.47 million tons, priced at 561 USD/ton, and from India were 1.37 million tons, priced at 527.2 USD/ton...
In the first 11 months of this year, steel imports from the Brazilian market were the most notable, with a remarkable increase of 15 times in volume compared to the same period last year and an 18-fold increase in value, reaching 284,198 tons, equivalent to 139.04 million USD. In addition, steel imports from India also increased sharply by 570% in volume and 550% in value; from the UK, they increased sharply by 248% in volume and 141% in value.
In the Danish market alone, the amount of imported steel increased sharply by 128% compared to the same period, but the value decreased by nearly 22%, due to the relatively cheap import price of 744.1 USD/ton, a sharp decrease of 66% compared to the same period.
In the first 11 months of this year, markets with relatively high import prices include: Austria 3,751 USD/ton; France 3,362 USD/ton, Finland 2,588 USD/ton and Sweden 2,841 USD/ton. Markets with low import prices include: Saudi Arabia 404 USD/ton and New Zealand 406 USD/ton; Australia 485 USD/ton, Russia 491 USD/ton, Brazil 489 USD/ton.
In November alone, steel imports from the French market emerged with prices many times higher than other markets, up to 23,057 USD/ton, up 249% compared to October 2017. Imports from Hong Kong were also at a fairly high price of 5,717 USD/ton, up 0.3% and imports from Sweden were 4,146 USD/ton, up 57%; imports from France were 3,275 USD/ton, down 0.3% compared to October 2017.