Author: Reena
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Vietnam: Imported scrap prices plunge $40/t w-o-w on lower bids
Vietnam’s imported scrap prices declined by a significant $40/t week-on-week (w-o-w). However, trade remained absent on expectations of further drop in offers. SteelMint’s assessment for Japanese H2 bulk scrap stands at $490-495/tonne (t) CFR, down by $10/t against the closing of last week. Prices declined by $40/t against 24 May’21. Currently, the bid price stands…