Will Vietnam become a scrap steel power?
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. Domestic steel mills make steel from scrap steel with electric furnaces, collected from domestic and imported sources. This is because iron ore exploitation and processing in Vietnam is still underdeveloped.
