The Vietnamese scrap import market is quiet, Kallanish notes. Demand is weak because of sluggish domestic rebar activity.
A recent bulk scrap booking for HMS 1&2 50:50 from Hong Kong was ordered on 6 July at $388/tonne cfr Haiphong. Another Vietnamese mill is also heard to have tried to unsuccessfully bid for the same Hong Kong scrap cargo at $380/t cfr. The size of the order is not clear. A trader does not think it was a big consignment as the …
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