Steel imports by Vietnam dropped 3% to 1.24 mnt as against 1.28 mnt a month ago, SteelMint data shows. The drop in imports is largely due to increased preference towards domestic procurement admist attractive domestic offers compared to imports, especially for HRC. Imports rose 11% on the year from 1.12 mnt in Jun'21. In Jan-Jun'22, however, steel imports fell 8% y-o-y to 6.48 mnt.
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