Vietnam Silicon Steel Import Research Report 2024: China, Singapore, Japan, South Korea, Taiwan, and Indonesia Analysis 2021-2024 & Forecasts 2024-2033 [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Yahoo! Finance
Vietnam's total silicon steel imports exceeded USD 170 million in 2023, with imports of silicon steel over 600 mm in width accounting for more than USD 100 million. From January to June 2024, Vietnam's cumulative silicon steel imports surpassed USD 90 million, and the import volume is expected to maintain a steady growth rate in the coming years. The analyst indicates that the main sources of Vietnam's silicon steel imports between 2021 and 2024 include China, Japan, and Singapore. Key exporters to Vietnam include companies such as CORE STEEL CO., LTD, SUMITOMO CORPORATION TAIWAN LTD, and BAOSTEEL SINGAPORE PTE LTD. The primary importers of silicon steel in Vietnam are related to the steel processing, machinery manufacturing sectors, as well as distributors and wholesalers. According to the analyst, these companies are mostly foreign-invested enterprises, including JFE SHOJI STEEL VIETNAM CO., LTD, TOSHIBA INDUSTRIAL PRODUCTS ASIA, and POSCO VIETNAM PROCESSING CENTER CO., LTD.
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