Vietnam: Ferrous scrap prices fall by $4/t, w-o-w

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Ferrous scrap prices in Vietnam have dropped by VND 100/t ($4/t), w-o-w, as per latest reports.
The procurement prices of H1 and H2 grades are VND 11,000/kg ($478/t) and VND 10,700/kg ($465/t), respectively. Prices have fallen due to bearish sentiments in the market.
As for import prices, Japanese bulk H2 offers are assessed at $500/t CFR, a decrease of $5/t on the week.

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