[Your Inadvertent All-Vietnam Double-Header Thursday at Shanghai Scrap]
For more than a decade, China has been the world’s leading importer of scrap metal and paper. And for more than a decade, the world’s scrap exporters have been mostly content with this lucrative state of affairs. Mostly, but not entirely. In recent years – and particularly over the last 18 months – many exporters have begun looking for new markets in hopes of diversifying a customer base that could – without any problem at all – be entirely Chinese.
But that’s easier said than done. The factors that make China such an ideal scrap export market – thriving resource-hungry manufacturers, low-cost labor, and low-cost container shipping rates – aren’t replicated easily. Especially the last one. But that hasn’t stopped the exporters from looking. And, as they look, I’ve looked with them. Last year I followed the alternative market search to India. And in June I followed it to Vietnam, the current favored alternative.

The new issue of Recycling International includes Part I of my long feature, “In Search of Vietnam’s Scrap Industry.” Scrap Magazine will publish the feature next month. An online version of the article will be available in a couple of months (on Scrap’s site). In the meantime, below, an excerpt.
The receptionist just glances at me as I walk past her and step into the slow, creaking elevator that takes me to the ninth floor of the Vietnam Steel Corporation (VSC) building in Hanoi. It’s a long, hot ride – the car isn’t air-conditioned, and the North Vietnamese heat feels like it is taking refuge inside of the elevator shaft. But when the doors open with a hard thunk, I breathe a little easier in the cool comfort of the Vietnam Steel Association (VSA). The lobby is empty, not even completed, but to the left is another receptionist, and she doesn’t appear surprised to see a foreign face. Continue reading →