Vietnam's scrap imports fell over 18% in October

TOKYO (Scrap Monster): The most recently released trade data indicates that scrap imports by Vietnam during the month of October this year dropped sharply when compared with the previous month.

Vietnam imported 253,000 tons of scrap during Oct ‘15. The scrap imports by the country have dropped by nearly 18.1% when compared with the imports during the month before. The scrap imports by the country had totaled 309,000 tons during September this year.

The import value generated by scrap during the tenth month of the year 2015 amounted to US$53.66 million. The ferrous scrap import value fell considerably by 19.7% when matched with the previous month. The total value generated by scrap imports had touched $66.82 million during September this year.

The cumulative scrap imports by the country during the initial ten months of the year totaled 2.70 million tons. The scrap imports were down by 5.7% when compared with imports during the corresponding ten-month period in 2014. The Vietnamese scrap imports had totaled 2.86 million tons during January to October last year.

The country’s scrap imports are estimated to total around 3.24 million tons during the entire year 2015.