Vietnam: Ferrous scrap import drops 16% m-o-m in Feb’21

SE Asia’s largest ferrous scrap importer- Vietnam has observed a decrease of 16% m-o-m in Feb’21. The country imported 0.32 mn t as against 0.38 mn t a month ago, as per the data maintained with SteelMint. Japan continues to remain the largest supplier at 0.22 mn t, up by 22% m-o-m. Limited scrap bookings due to Tet holidays resulted in lower imports.