Vietnam: Ferrous scrap imports rebound by 72% m-o-m in Mar’21

SE Asia’s largest ferrous scrap importer- Vietnam has observed an increase of 72% m-o-m rise in monthly import volumes in Mar’21. The country imported 0.55 mn t ferrous scrap in Mar’21 as against 0.32 mn t a month ago, as per the data maintained with SteelMint. Japan continues to remain the largest exporter at 0.22 mn t, stable against last month. Robust domestic demand along with active billet inquiries from China have kept scrap imports supported.