Tag: East Asia: Rainy season weighs on Japan scrap export sentiment amid cautious Vietnam demand

Vietnamese buyers remain cautious amid ample bulk bookings Japanese domestic prices stay firm on higher collection prices East Asian ferrous scrap markets remained slightly weaker in the week ended 25 May. Japanese export prices softened w-o-w as Vietnam’s rainy season, competitive offers, and comfortable inventories continued pressuring import sentiment. However, Japan’s domestic market remained relatively…