31
Jan
11:05
Japanese scrap weakens further
Japanese scrap prices are still falling, Kallanish notes. Japanese scrap export offer prices to Vietnam have also dipped, market sources in Vietnam say.
Offers of Japanese H2 grade scrap are prevailing at $270/tonne cfr southern Vietnam and $280/t cfr northern Vietnam. The price gap of $10/t is normal because freight is cheaper to southern Vietnam. Offers for H2 scrap pre-Lunar New Year were prevailing at $275-280/t cfr southern Vietnam. Curre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous