Tag: Asian scrap market outlook

Wide bid-offer disparities keep buyers on sidelines Competitively priced Chinese imports add pressure Imported ferrous scrap prices in Vietnam edged lower by up to $5/tonne (t) w-o-w, amid subdued market activity and cautious buying sentiment. A trader noted, “Demand for imported scrap remains weak, as most buyers are hesitant due to sluggish end-user consumption and…