Author: Reena
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Vietnam: Imported scrap prices surge despite limited trades
Prices for imported scrap in Vietnam have surged. This surge can be attributed to bullish market sentiments in Turkiye. However, buyers in the country could not source enough raw materials amid “weak fundamentals” in the finished long steel market. The recent offers for USA-origin bulk HMS 1&2 (80:20) scrap were at $465-470/t CFR Vietnam last…