Steel exports edge up 5.8 percent in Q1

Vietnam’s total steel export value in the first quarter this year rose 5.8 percent year-on-year to 744 million USD. (Photo: VNA)

In March, Vietnam earned 280 million USD from steel shipments, up 60.3 percent from February and 6.8 percent from the same month last year.

The largest amount of Vietnamese steel was sold in the US with 19.64 percent of market share.

The country saw strong growth in exports to China’s Hong Kong (197.61 percent), the UK (159.59 percent) and South Africa (100.7 percent).

In stark contrast, shipments to Saudi Arabia and Myanmar fell more than 60 percent to 1.1 million USD and 6.6 million USD in the period.