{"id":1548,"date":"2017-09-22T14:40:30","date_gmt":"2017-09-22T14:40:30","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1548"},"modified":"2017-09-23T18:51:02","modified_gmt":"2017-09-23T18:51:02","slug":"steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/","title":{"rendered":"India Steel Export Increment to Vietnam, a warning for China"},"content":{"rendered":"<p style=\"text-align: justify;\">Steel Import from India Jumps Multi Fold During Jan-Jun 2017- Vietnam Customs.<\/p>\n<p style=\"text-align: justify;\">Vietnam is world\u2019s second largest net importer of steel in the world according to World Steel Association. Net imports can be considered as exports minus imports. Country imported 18.26 MnT of steel in 2016, out of which 59% was from China, followed by Japan (14%), South Korea (10%), Taiwan (10%), Brazil (0.1%) and India (1.2%) according to Vietnam\u2019s general department of customs.<\/p>\n<p style=\"text-align: justify;\">Steel imports from India posted a whopping increase In the \ufb01rst six months of 2017, according to customs data. Vietnam imported over 800,000 MT of steel from India during Jan-Jun 2017 against 20,000 MT during the same period in last year.<\/p>\n<p style=\"text-align: justify;\">Market participants attribute this huge increase in steel imports from India because of following reasons-<\/p>\n<p style=\"text-align: justify;\">1. Falling Chinese Steel Exports: Strong domestic demand and surge in HRC export offers leads to drastic fall of export volumes from China. In \ufb01rst eight months (Jan-Aug) of from China. In \ufb01rst eight months (Jan-Aug) of CY17 China\u2019s steel export volumes went down by 29% and stood at 54.27 MnT, against 76.57 MnT in the similar time-frame of previous year. Another reason cited is imposition of trade barriers like anti dumping duty from U.S, India and Europe led to falling of export volumes from China.<\/p>\n<p style=\"text-align: justify;\">2. Competitive offers from India: Average price of steel imported from India was assessed at VND 11.8 million (USD 519) per tonne, by Vietnamese customs.<\/p>\n<p style=\"text-align: justify;\">3. Rising steel production in India: India is world&#8217;s 3rd largest steel producer with an annual production of around 100 million tonnes. According to provisional data released by Joint Plant Committee (Govt. of India) So far in FY18 (till Aug&#8221;l 7) nation\u2019s crude steel production surged by 3.5% Y-o-Y basis to 41.3 MnT.<\/p>\n<p style=\"text-align: justify;\">India&#8217;s steel exports have increased signi\ufb01cantly owing to higher supply than demand in the domestic market. So far in FY18 (till Aug&#8217;17) total \ufb01nished steel exports from India increased 57% Y-o-Y to 3.73 MnT.<\/p>\n<p style=\"text-align: justify;\">Thus,Vietnam imported a total of more than 7.8 MnT of steel in the \ufb01rst half 2017, down 17% in volume overthe same period last year. Steel import prices averaged USD 582\/MT on CFR basis.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1550 aligncenter\" src=\"http:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/09\/IMG_20170922_180832.jpg\" alt=\"IMG_20170922_180832\" width=\"455\" height=\"558\" \/>\u00a0<strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steel Import from India Jumps Multi Fold During Jan-Jun 2017- Vietnam Customs. Vietnam is world\u2019s second largest net importer of steel in the world according to World Steel Association. Net imports can be considered as exports minus imports. Country imported 18.26 MnT of steel in 2016, out of which 59% was from China, followed by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,46,53,62,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Steel Import from India Jumps Multi Fold During Jan-Jun 2017- Vietnam Customs. Vietnam is world\u2019s second largest net importer of steel in the world according to World Steel Association. Net imports can be considered as exports minus imports. Country imported 18.26 MnT of steel in 2016, out of which 59% was from China, followed by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/\" \/>\n<meta property=\"og:site_name\" content=\"Keyvan Jafari Tehrani\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-22T14:40:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-23T18:51:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/09\/16-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/\",\"url\":\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/\",\"name\":\"India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani\",\"isPartOf\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\"},\"datePublished\":\"2017-09-22T14:40:30+00:00\",\"dateModified\":\"2017-09-23T18:51:02+00:00\",\"author\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\"},\"breadcrumb\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kjtehrani.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India Steel Export Increment to Vietnam, a warning for China\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\",\"url\":\"https:\/\/kjtehrani.com\/en\/\",\"name\":\"Keyvan Jafari Tehrani\",\"description\":\"Personal Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kjtehrani.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\",\"name\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"caption\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\"},\"description\":\"Keyvan is the owner and CEO of Jame Tejarat Company (JTC) since its establishment in 2002. He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.\",\"sameAs\":[\"http:\/\/kjtehrani.com\"],\"url\":\"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/","og_locale":"en_US","og_type":"article","og_title":"India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani","og_description":"Steel Import from India Jumps Multi Fold During Jan-Jun 2017- Vietnam Customs. Vietnam is world\u2019s second largest net importer of steel in the world according to World Steel Association. Net imports can be considered as exports minus imports. Country imported 18.26 MnT of steel in 2016, out of which 59% was from China, followed by [&hellip;]","og_url":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/","og_site_name":"Keyvan Jafari Tehrani","article_published_time":"2017-09-22T14:40:30+00:00","article_modified_time":"2017-09-23T18:51:02+00:00","og_image":[{"width":1200,"height":552,"url":"https:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/09\/16-6.jpg","type":"image\/jpeg"}],"author":"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/","url":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/","name":"India Steel Export Increment to Vietnam, a warning for China - Keyvan Jafari Tehrani","isPartOf":{"@id":"https:\/\/kjtehrani.com\/en\/#website"},"datePublished":"2017-09-22T14:40:30+00:00","dateModified":"2017-09-23T18:51:02+00:00","author":{"@id":"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d"},"breadcrumb":{"@id":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/kjtehrani.com\/en\/steel-import-from-india-jumps-multi-fold-during-jan-jun-2017-vietnam-customs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kjtehrani.com\/en\/"},{"@type":"ListItem","position":2,"name":"India Steel Export Increment to Vietnam, a warning for China"}]},{"@type":"WebSite","@id":"https:\/\/kjtehrani.com\/en\/#website","url":"https:\/\/kjtehrani.com\/en\/","name":"Keyvan Jafari Tehrani","description":"Personal Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kjtehrani.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d","name":"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g","caption":"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc"},"description":"Keyvan is the owner and CEO of Jame Tejarat Company (JTC) since its establishment in 2002. He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.","sameAs":["http:\/\/kjtehrani.com"],"url":"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/"}]}},"_links":{"self":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1548"}],"collection":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/comments?post=1548"}],"version-history":[{"count":7,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1548\/revisions"}],"predecessor-version":[{"id":1569,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1548\/revisions\/1569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media\/1475"}],"wp:attachment":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media?parent=1548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/categories?post=1548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/tags?post=1548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}