Vietnam to become important index of scraps in Asian market
VSA (Vietnam Steel Association) indicated that the great growth in domestic economic brought the great development in steel industry. VSA also announced that the demand and supply of steel quantity were simultaneously increasing yearly. The increase of steel capacity also encouraged the demand of scraps.
The import quantity of scraps to Vietnam grew year by year. The price of Vietnamese scraps became the index in Asian market. It was reported that Japan was the main source to supply scraps to Vietnam. Even there were sources from Australia, Europe, Hong Kong, Chile and the US, Vietnam buyers had preference for scraps from Japan.
