Vietnam: Mill books bulk scrap cargo at higher price

  • Ferrous scrap import prices into Vietnam, a major Asian scrap importer, rose by $20-25/t in a fresh deal, sources informed SteelMint.
  • A US-origin scrap cargo was booked by a steel mill in Vietnam consisting of bulk heavy melting scrap (HMS) 1&2 (80:20) at $545/t CFR.
  • The deal has been concluded for Nov’21 shipment.

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