Vietnam: Domestic ferrous scrap prices edge up

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Domestic ferrous scrap prices in Vietnam have increased by $9/t on the week, as per SteelMint assessment.
The procurement price for H1 grade scrap stands at VND 12,200/kg ($530/t), while VND 11,900/kg ($517/t) is the price that has been settled for H2 scrap.
As the major Asian steel producing nation emerges from the lockdown, domestic steel production, exports, and raw materials price sentiments are expected to remain upbeat.

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