26
Mar
11:30
Vietnamese scrap market holds up
Recent bulk scrap import bookings in Vietnam indicate the market is not falling further, Kallanish notes. The squeeze in the freight market is seen to be adversely affecting scrap trade.
A US scrap supplier is widely heard to have sold a 32,000-tonne cargo to a steel mill in southern Vietnam at $442/tonne cfr Phu My HMS 1&2 80:20 basis on 25 March. The mill has not confirmed the deal but regional and Vietnamese traders heard details of the deal. The shipm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous