[SMM Steel] Vietnam’s steel imports reach 3.62 mln mt in Q1 2026, China accounts for over 40%

Published: Apr 23, 2026 16:47

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[SMM Steel] Vietnam imported approximately 3.62 million mt of steel in Q1 2026, valued at around $2.61 billion, according to customs data. Import volumes and value declined by 3.33% and 1.52% YoY, respectively, while the average import price rose 1.86% YoY to $719.85/mt. China remained the largest supplier, accounting for over 40% of total import value, underscoring its dominant role in Vietnam’s steel import structure.

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