Vietnam’s ferrous scrap imports rose by 16.2pc to 522,112 mt in July as compared to 449,142 mt in June. In the Jan-July period, ferrous scrap imports rose by 8.3pc to 3.13mn mt from the prior-year period, according to the country’s customs department.
|Vietnam’s ferrous scrap imports by country (mt)|
Vietnam’s ferrous scrap imports from Japan, its biggest exporter, increased by 4pc in July from the prior month, while imports from the US rose by 83pc. Imports from Taiwan fell by 91pc to 23,400 mt in July, while imports from Hong Kong fell by 14pc. Imports from New Zealand and Chile rose significantly by 1300pc and 370pc, respectively. Imports from Australia declined by 64pc.
During the January-July period this year, 1.7mn mt of ferrous scrap was imported from Japan, while 425,986 mt was imported from the US. Despite the COVID-19 pandemic, there has been an overall increase in ferrous scrap imports into Vietnam. The country’s steel imports rose by 19.2pc to 1.41mn mt from June.