26
Aug
15:01
Vietnamese scrap import market picks up
Scrap import prices continue to rise in Vietnam, Kallanish notes.
Offers for Japanese H2 scrap have jumped to exceed $400/tonne cfr Vietnam, compared to $395-400/t cfr on 19 August. Offers are now prevailing at $420-425/t cfr.
"The mills need to buy scrap. Demand is getting a bit warmer. So they started to produce a bit more," a Hanoi scrap trader says on the mills' willingness to pay more for scrap. “Steel demand has improved sligh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous