Vietnam: Ferrous scrap import declines by 48% in Jan’21

SE Asia’s largest ferrous scrap importer- Vietnam has seen a sharp decline of 48% m-o-m in its imported scrap volumes to 0.38 mn t in Jan’21, as per the data maintained with SteelMint. Japan continues to remain the largest supplier at 0.18 mn t in Jan’21 followed by USA and Hong Kong. With yards in major supplying countries being closed due to winter holidays imports have remained on the lower side.