Tag: Obon holiday scrap impact
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Vietnam: Imported scrap prices drop by up to $3/t w-o-w amid high inventories, slow sales
Wide bid-offer disparities slow down deal closures Obon holiday expected to limit Japanese scrap offers Imported ferrous scrap prices in Vietnam fell by up to $3/tonne (t) w-o-w as buyers showed little urgency to book material, citing sufficient inventories. A Vietnam-based trader said, “Buyers are in no rush, as inventories remain sufficient,” adding that prices…