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31 Aug

Sluggish rebar demand weighs on Vietnamese scrap market

The continued price gap between sellers and buyers for imported scrap continues to hinder deals in Vietnam, Kallanish notes. Sellers are offering Japanese H2 grade scrap at $385/t cfr Vietnam but bids are currently at $375/t cfr, say market sources based in Ho Chi Minh City. Low demand for finished steel products and a tightening in scrap generation are the reasons for the price gap, a trader says on Thursday. The price gap between containerised US-origin HMS 1&am…
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