17
Dec
11:56
Scrap prices shoot up in Vietnam
Ferrous scrap prices are rising sharply in Vietnam to match the strength in international markets. Vietnamese importers are not ready to pay the new offer prices this week, Kallanish notes.
Most market participants report that offers for Japanese H2 grade scrap are now at $450/tonne cfr. An importer reports a deal for 5,000t of Japanese H2 scrap last Friday 11 Decembe at $400/t cfr Phu My. The supplier for that deal did not confirm the deal, a Vietnamese trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous