Tag: steel inventory Vietnam

Vietnam: Imported bulk scrap offers drop by $5/t w-o-w on tepid demand, high steel inventories

Dec 2, 2024

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by

Adarsh Ramteke

in Melting Scrap

Low EAF mill activity pushes down scrap demand Rumours of China-US trade war halt procurement Vietnam’s imported bulk ferrous scrap offers dropped by up to $5/tonne (t) w-o-w due to subdued demand, stemming from slow longs sales, and high steel inventories. The demand for deep-sea scrap remained low throughout the week due to competitively priced…