Vietnam's steelmakers exported huge volumes of steel to China in the first five months of 2020, according to statistics from the Southeast Asian country's customs agency.
A total of 570,410 tonnes of Vietnamese iron and steel products were shipped to China in the January-May period, more than eight-and-a-half times of just 66,069 tonnes in the same period of 2019, the data shows.Vietnam is traditionally an importer of Chinese billet, but a sharp rise in the capacity of Vietnamese integrated mills such as the Hoa Phat Group has resulted in the country becoming self-sufficient in the...