Posted on 18 Mar 2016
Vietnam
imported 172,000 tons of scrap steel during Jan ‘16. The scrap imports
by the country have registered considerable decrease of nearly 35.1%
when compared with the imports during the month before. The scrap
imports by the country had totaled 265,000 tons during December 2015.
When matched with the imports during a year before, the Jan ’16 scrap
imports by Vietnam were down by nearly 3%. The country’s scrap imports
during January last year had totaled 177,000 tons.
The average
import price of scrap steel during the first month of the current year
stood at US$179.0 per ton. The average scrap import value increased
marginally by nearly 2% when matched with the previous month. The scrap
imports by the country had averaged at $175.50 per ton during December
last year.
The country’s scrap import values dropped sharply by over 45% to $30.65 million in January.
