Thai Nguyen Iron & Steel bankruptcy will have limited impact on Vietnam scrap imports, sources say

The impending bankruptcy which Vietnam’s Thai Nguyen Iron and Steel Joint Stock Company is facing will have limited impact on the Vietnam ferrous scrap import market, market sources told Fastmarkets MB this week.

This is because the state-owned company has not been buying imported ferrous scrap since the last quarter of 2018.

“The company lost its scrap import licence last year, and is...

Published

Paul Lim

April 09, 2019

09:45 GMT

Singapore