Scrap Prices North America
January 1, 2020
Global Scrap Market: Vietnam Now Major Scrap Buyer
Written by Peter Wright
In Q3 2019, Vietnam was second only to Turkey as a buyer of scrap on the global market.
This Steel Market Update quarterly analysis uses data from the Iron and Steel Statistics Bureau (ISSB) in the UK. We believe that to improve our understanding of the gyrations of the domestic scrap market, we should be aware of where the U.S. stands as a global player. Some nations are slow to report, which results in our analysis being two months in arrears. But we believe it gives a valuable perspective of global trends and is the foundation of where we are today. All tonnages in this report are metric.
