Tag: Vietnam scrap imports
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Vietnam: Ferrous scrap imports plunge over 60% in July amid bearish market sentiments
South East Asia’s largest buyer of ferrous scrap, Vietnam, recorded scrap imports of 0.18 million tonnes (mnt) in July vis-a-vis 0.48 mnt in June – a significant drop of 63% on a monthly basis. Notably, the country’s ferrous scrap imports touched the lowest in six months, as per SteelMint data. The demand for imported material…