Tag: rainy season steel market
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East Asia: Japanese scrap export sentiment softens amid cautious Vietnamese buying
Rainy season, extreme heat weighs on Vietnamese steel demand Demand from Bangladesh to slow during Eid holiday period East Asian ferrous scrap markets remained slightly weaker during the week ended 1 June as cautious Vietnamese buying, a seasonal slowdown, and comfortable inventories continued pressuring import sentiment. However, Japanese domestic collection prices remained relatively stable, limiting…