Tag: Vietnam ferrous scrap imports
-
Vietnam ferrous scrap imports hit a record high in CY’20 on rising crude steel output
SE Asia’s largest ferrous scrap importer – Vietnam has witnessed an upsurge due to active restocking on strong steel demand. The country imported 5.85 mn t ferrous scrap in CY’20, up by 13% y-o-y from 5.2 mn t in CPLY. Remarkably, scrap imports have climbed to an eight–year high, as per data recorded with SteelMint. Imports from Japan up 55% y-o-y – Vietnam’s scrap import volumes have increased…