Vietnam’s Ferrous Scrap Imports Sustain Upward Momentum
Vietnam’s ferrous scrap imports reached 514,000t in July 2025, up 39.4% year-on-year. The increase reflects continued strength in domestic steel demand, supported by infrastructure spending. According to customs data, monthly scrap inflows have remained above 500,000t for six consecutive months, with January–July imports totaling 3.56 million tons, a 26.6% year-on-year increase.
Supplier Dynamics Shift as Buyers Adjust to Price Signals
Japan remained Vietnam’s largest scrap supplier despite a 13.9% month-on-month decline to 221,000t. Mills reduced Japanese purchases in July due to higher pricing versus containerized alternatives booked in mid-May. In contrast, US scrap volumes grew as Vietnamese mills secured more containerized and bulk shipments to meet blast furnace demand. Meanwhile, Australian scrap imports fell 30.3% year-on-year as suppliers diverted volumes to South Asia for better pricing.
Outlook Positive as Steel Demand Set to Strengthen Further
Market participants expect scrap demand to rise in Q4 as Vietnam exits the monsoon season. Additional steelmaking capacity slated for early 2026 could further boost import volumes. As a result, Vietnam’s scrap market may see sustained growth, contingent on stable steel consumption and favorable import pricing from key origins.
ScrapInsight Commentary
Vietnam’s rising scrap imports signal robust steel demand recovery and infrastructure-driven growth. Japan's reduced share highlights sensitivity to pricing, while US cargoes gain traction. Looking ahead, rising blast furnace output and seasonal demand recovery may lift scrap prices across Asia’s import markets.
