Vietnam scrap curbs turn Stamcorp to South Asia market

摘要

Singapore-based ferrous scrap trader Stamcorp International is turning to countries in South Asia for opportunities, after customs authorities in Vietnam made containerized scrap shipment near impossible, Nikhil Kumar, the company’s founder and managing director, told S&P Global Platts Monday in an interview. Markets like India, Pakistan and Bangladesh have emerged as bright spots for Stamcorp, one of the world’s biggest containerized ferrous scrap traders by volume, filling in the gap left by falling containerized scrap sales to Vietnam, he said.