Vietnam: Domestic ferrous scrap prices fall on limited market activity

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Domestic ferrous scrap prices in Vietnam have dropped by $9/t on week, as per SteelMint assessment.
The procurement price for H1 grade scrap stands at VND 11,200/kg ($487/t), while VND 10,900/kg ($474/t) is the price that has been settled for H2 scrap.
The Vietnamese scrap market has slowed down on strict lockdown restrictions. Trading activities are continuing on a slow track and the scrap collection rate from dealers and collectors remains low.

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