30
Aug
14:38
Vietnamese scrap market keeps rising
Scrap prices continue to increase in Vietnam, Kallanish notes.
Offers for Japanese H2 have risen to $430/tonne cfr Vietnam, up from $420-425/t cfr last Friday. “Steel scrap is going up [like] crazy,” a Hanoi trader says. Certain buyers are willing to pay $410-415/t now, he points out, adding that he heard the last booking was concluded at $412/t cfr. But Japanese sellers are less inclined to offer to Vietnam because they are first waiting fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous