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Vietnam become a major hub for scrap steel-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
5/10/2017 -steel expo-metal &metallurgy expo- |
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VietnamNet reported that Vietnamese steel manufacturers are importing more and
more scrap steel for domestic production, as this is the easiest and most profitable
way to make steel. According to Bui Van Muu from the Metallurgy and Material
Technology Faculty of the Hanoi University of Technology, the steel production
from upstream must follow a closed process, from exploitation and iron ore
processing to finished product production.
Mr Muu commented, it is not a surprise that Vietnam’s steel industry mostly relies
on making ingot steel from scrap steel with electric furnaces.
Vietnamese steel manufacturers are importing more and more scrap steel for
domestic production, as this is the easiest and most profitable way to make steel.
A report of GDC shows that in the first three months alone, Vietnam imported more
than 1 million tonne of scrap steel, worth $276 million. The import volume is
11,000 tons a day, higher by 1 ton than in 2016.
Muu said as Vietnamese steel manufacturers choose to follow the easy way, the
demand for input materials, i.e. scrap steel, is becoming higher.
Most of the scrap steel imported to Vietnam is low quality, difficult to be treated
and likely to cause serious pollution. Meanwhile, scrap steel with higher quality
cannot arrive in Vietnam.
Experts warned that domestic scrap steel sources can provide input materials to
steel mills for about 10 more years.
After that time, the domestic supply will be short, while manufacturers would
depend on material suppliers.
By that time, even if Vietnam wants to make steel from coke, it won’t be able to do
so because of the limitations of the production lines.
-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition--steel expo-metal
&metallurgy expo
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