05
May
15:13
Vietnam's scrap import market slides further
The Vietnamese scrap import market continues to weaken, Kallanish notes, with buyers standing on the sidelines.
Offers for Hong Kong HMS 1&2 50:50 are currently at a negotiable $550/tonne cfr southern Vietnam, down $10 from last week. Bulk US HMS 1/2 80:20 scrap is heard offered at around $545/t cfr, compared to $600/t cfr last week.
“Japan is on holiday. I don’t hear any offers for H2 but I think it should be at around $550/t cfr,” a V…
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Anonymous
Very good overview of the weekly steel market.
Anonymous