Tag: Scrap market Tet holiday impact

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…