Vietnam to import more scrap in 2006
Vietnam's Ministry of Industry disclosed that Vietnam intends to import as much as 2 million metric tons of
scrap in 2006 due to a lack of raw materials in the country.
Five new plants expected to come on stream next year in Vietnam will be able to produce a combined 1.9 million metric tons of steel ingot. However, in order to produce the additional ingot the country will need to import a significant amount of
scrap, the ministry said.
Vietnam's domestic
scrap sources have dwindled recently, meaning the country will be looking to import an increasing amount of
scrap over the coming years.