04
Jun
15:01
Vietnamese mills order domestic scrap, shun Japanese supply
The Japanese scrap market was quiet last week, Kallanish notes, as Japanese supply in the region was replaced with material from other origins.
Hong Kong-origin HMS 1&2 50:50 scrap was booked at $470/tonne cfr and $473/t cfr Phu My on 3 June. Two Vietnamese mills secured 3,000 tonnes each, for shipment by end-July. Containerised HMS 80:20 scrap from the US was meanwhile ordered on the same day at $450/t cfr Cai Mep. For comparison, a 15,000t cargo of Hong Kong…
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Anonymous
Very good overview of the weekly steel market.
Anonymous