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Vietnamese Steel Exports to China Surges in 19 Times in 8 Months of 2020

Vietnam’s steel exports to China surged 19 times to 2.07 million tonnes between January and August on the strength of rising demand in a recovering economy.

This was nearly 35 percent of Vietnam’s total steel exports in the period, and its value rose 15 times to $844.5 million, according to Vietnam Customs.

China’s customs data shows that steel imports in the first eight months rose 11 percent year-on-year to 759.9 million tonnes.

(Source: VNExpress)