Demand for scrap in Association of Southeast Asian Nations (ASEAN) is likely to rise in 2019-20 despite market concerns of overcapacity, as steel production and exports grew in 2018, led by Vietnam. The data released by SEAISI (South East Asian Iron and Steel Institute) showed a 7% year on year rise in scrap demand at 28.6 million mt in 2018. Among the ASEAN member countries, Vietnam took the lead with a 6.5% on the year rise to 9.4 million mt, which accounted for about 32.9% of overall demand. The country's scrap imports grew 15% to 5.07 million mt, offsetting a 4.5% fall in domestic supply to 4.4 million mt. Its 2018 scrap exports fell by more than half to 86,400 mt as local production rose.
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