Tag: scrap price movement
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Vietnam: Imported scrap prices dip as weak VND, poor demand drive sellers to alternate markets
Dong slides following US reciprocal tariffs Vietnam to eliminate tariffs on US goods Vietnam’s imported scrap prices edge down by $6/tonne (t) w-o-w, amid weak buying interest, as most suppliers were reportedly shifting their focus toward the Bangladeshi market. Following the reciprocal tariff announcement, the Vietnamese dong (VND) depreciated sharply, eroding purchasing power and prompting…