[SMM Iron & Steel] Vietnam’s Steel Imports Surge 14.8% in April 2026; YTD Imports Up 46% Year-on-Year

Published: May 12, 2026 10:29

Save

Vietnam imported 1.63 million metric tons (mt) of steel in April 2026, representing a 14.8% increase from March, with a total import value of $1.16 billion. Cumulative imports for the January-April 2026 period reached 5.86 million mt, a massive 46.1% surge compared to the same period in 2025. China remains the leading supplier, contributing approximately 70% of the total import volume. The continued flood of low-priced imports, particularly hot-rolled coils (HRC), is placing intense pressure on Vietnamese domestic producers like Hoa Phat and Formosa Ha Tinh. This trend reinforces the likelihood of further trade defense measures as the domestic industry struggles to compete with aggressive regional pricing.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Ningbo HRC Inventory] Ningbo Inventory Declined WoW This Week

This week, Ningbo HRC large-sample inventory was 439,000 mt, down 28,000 mt WoW, -6.00%, and up 24.72% YoY (lunar calendar basis).

1 hour ago

16 hours ago

[SMM HRC Arrivals] Mainstream Market Arrivals Continued to Increase WoW This Week

16 hours ago

17 hours ago

5.12 SMM Global Steel Daily Report

SMM News Flash: [Sheets & Plates] Today's HRC export prices fell $1/mt MoM due to a firm exchange rate. Other sheets & plates mostly remained stable. Market inquiries still existed, but actual transactions were limited. Traders reported recent medium-thickness plate deals flowing to Vietnam and Africa. [India] Indian HRC SAE1006 export offers to Vietnam were largely stable at around $615/t CFR. Market transactions remained relatively quiet, with no major orders reported as Vietnamese buyers stayed cautious at current price levels. Market sentiment was stable but subdued, while mills continued to maintain firm offer levels.

17 hours ago