Vietnam ferrous scrap imports hit a record high

SE Asia's largest ferrous scrap importer - Vietnamhas witnessed an upsurge due to active restocking on strong steel demand. The country imported 5.85mntferrous scrapin CY'20, up by 13% y-o-y from 5.2mnt in CPLY. Remarkably, scrap imports have climbed toaneight-year high,as per data recorded withSteelMint. Imports from Japan up 55% y-o-y-Vietnam's scrap