08
Sep
14:29
Vietnamese scrap importers withdraw, East Asian rebar languishes
Vietnamese scrap demand has slackened amid expectations that a glut in regional scrap supply will arise in the region, Kallanish notes. Mills in Vietnam have withdrawn from the Japanese scrap market after two Korean steel mills, Posco and Hyundai Steel, suspended their operations in Pohang after a super typhoon flooded their facilities on Tuesday.
The Vietnamese mills withdrew their bids for H2 at $415/tonne cfr Vietnam on Wednesday. Vietnamese buyers are in …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous