According to preliminary statistics of the General Department of Customs, estimated steel exports in November 2019 reached 653,851 tons, worth US $ 368.81 million, up 21.9% in volume and 9.1% in turnover over with October 2019 and also up 18.3% in volume but down 4.5% in turnover compared to November 2018.
Generally for the first 11 months of 2019, iron and steel exports reached 6.04 million tons, earning 3.86 billion USD, up 4.4% in volume, but down 8.4% in turnover compared to the first 11 months. 2018.
The average export price of steel in November 2019 reached 564.1 USD / ton, down 10.5% compared to October 2019 and down 19.3% compared to November 2018. On average, in the first 11 months of 2019, the average export price of iron and steel reached 639.3 USD / ton, down 12.3% compared to the first 11 months of 2018.
Iron and steel of Vietnam exports to Cambodia the most, accounting for 25.9% of the total volume and accounting for 23.7% of the country’s total iron and steel export turnover, with 1.56 million tons, equivalent to 913.93 million USD, average price 584.8 USD / ton, up 26.1% in volume, up 14.7% in turnover but down 9% in price over the same period in 2018.
Indonesia ranked second with nearly 14% in total volume and turnover, reaching 800,812 tons, worth US $ 531.67 million, average price US $ 663.9 / ton, up 31.2% in volume, up 11.4% in turnover but down 15% in price over the same period last year.
Next to the Malaysian market accounted for 11% of the country’s total iron and steel exports, reaching 677,821 tons, earning US $ 421.32 million, the price of US $ 621.6 / ton increased by 20.7% in volume and increased by 8.3% in turnover but decreased by 10.2% in price.
In the first 11 months of this year, iron and steel exports to most markets decreased compared to the same period last year, of which exports plummeted in markets such as the UAE, down 62.4% in volume and down. 74.6% of turnover, reaching 6,374 tons, equivalent to 4.78 million USD………..
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