Tag: JPY impact on scrap

Vietnam: Imported scrap prices drop by up to $10/t w-o-w amid tariff-related uncertainties

Apr 21, 2025

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by

Adarsh Ramteke

in Melting Scrap

Strengthening JPY prevents drop in Japanese H2 offers Mills actively book imported scrap following price drop Vietnam’s imported scrap prices declined by up to $10/tonne (t) w-o-w, although steel mills actively booked material amid ongoing bearish sentiment stemming from tariff-related uncertainties. Bids for bulk HMS 80:20 were mostly heard at $340-345/t CFR Vietnam, while deal…