UTC+8 ( BJT)

Vietnam ferrous scrap imports hit 11-m high in August

SE Asia's largest ferrous scrap importer- Vietnam reported increase of 28% m-o-m in its monthly scrap import volumes in Aug'20. Imports stood at 0.61 mn t in Aug'20. Imports in August have reached an 11-months high since Sep'19, as per customs data maintained with SteelMint.
On yearly premise, scrap imports during Jan-Aug'20 rose by 10% y-o-y to 3.58mnt.Japan remained the largest scrap exporter at 0.31mnt, up 24% on month and 36% on year. Followed by the USA and Australia, Imports from the USA recovered by 63% m-o-m to 0.14mnt. Cargoes that cleared customs in August were


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