Tag: Q1 2025 Vietnam steel market update

Vietnam: Imported ferrous scrap volumes drop over 11% y-o-y in Q1CY’25

Apr 23, 2025

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by

Aditi Sen

in Melting Scrap

Tet holidays dampen scrap import activity Foreign exchange volatility, freight costs hurt buying sentiment In Q1CY’25, Vietnam’s ferrous scrap imports fell by 11% y-o-y to 1.25 million tonnes (mnt), down from 1.4 mnt recorded in Q1CY’24. On a quarterly basis, imports edged down 3% from 1.29 mnt in Q4CY’24. Ferrous scrap imports in March In…