SteelMint

Tag: domestic scrap preference

  • Vietnam: Imported scrap prices remain largely range-bound w-o-w

    Vietnam: Imported scrap prices remain largely range-bound w-o-w

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    by

    Adarsh Ramteke
    in

    High freights, tight supply support imported prices Mills prefer domestic scrap, rains slow restocking Imported ferrous scrap prices in Vietnam remained largely range-bound w-o-w, supported by higher freights and limited scrap availability. Persistent monsoon rains and typhoon disruptions slowed restocking activity. Freights for Japanese scrap shipments to Vietnam rose by around $5/tonne (t), averaging $40/t…