imported 3.43 million tonnes of ferrous scrap last year, up
32.5 percent from 2011, according to recent figures from the
Vietnam Steel Association (VSA).
The United States was the
largest scrap supplier to Vietnam in 2012, as it has been for
the past few years, VSA vice chairman and general secretary
Dinh Huy Tam said. However, no specific figures were available
on imports from the United States.
Vietnams scrap import
volumes have risen despite a contraction in steel consumption
last year on a slowdown in the countrys real estate
The reason is that the country
has turned to importing less billet and buying more scrap since
2010, Tam said.
The country used to import more
than 2 million tonnes per year of billet, but since 2010 more
domestic billet has been produced, he said.
Billet imports fell to 470,000
tonnes last year from 843,000 tonnes in 2011, also down from
the prior year.
A version of this article
was first published by AMM sister publication Steel