27
May
11:57
Scrap prices drop in East Asia
Japanese scrap prices started falling this week in Vietnam after reaching peaks around 10-14 days ago, Kallanish notes. Offers for H2 slid below $500/tonne cfr Vietnam on Wednesday after reaching highs of $530/t cfr.
Offer prices for Japanese H2 scrap are prevailing at $490-497/t cfr Vietnam. These levels are not enticing buyers because domestic scrap is also correcting downwards, trading sources say. Vietnamese mills are targeting a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous