Tag: scrap market weekly roundup
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East Asia: Scrap market softens slightly on cautious Vietnamese buying
Strong Kanto tender supports Japanese scrap sentiment Vietnamese mills cautious amid ample inventories East Asian ferrous scrap markets remained slightly softer in the week ended 18 May, as cautious Vietnamese buying and more competitive deep-sea bulk offers continued pressuring import prices. Stronger domestic demand, higher collection prices, and a firmer May Kanto tender supported Japanese…