Tag: SE Asia ScrapPrices

After remaining quiet for the past few days, South East Asian markets have picked up following the uptrend seen in global prices. Vietnam’s imported scrap prices have increased during the week on bullish sentiments. Japanese bulk scrap offers are on the higher side and are currently quoted at $480-490/t CFR Vietnam levels. However, last week, a couple of trade deals were reported for Japanese H2 scrap at $480/t CFR basis. Many Vietnamese buyers are waiting…