Tag: Lunar New Year impact
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Vietnam: Bulk ferrous scrap prices remain largely stable w-o-w due to limited buying activity
Mills cap inventories amid weak demand Wide bid-offer gaps discourage trades Vietnam’s imported scrap market was quiet during the week, as trading activity slowed ahead of the year-end. Offers for Japanese H2 scrap were steady at $325-335/t CFR Vietnam, while bids stayed below $320/t CFR, reflecting a cautious stance among buyers amid subdued sentiment. Mills…