Tag: Tet holiday impact

Vietnam’s imported scrap market was stable w-o-w, as buyers stayed inactive during the Tet holidays. Weak demand and sufficient inventories kept mills in a wait-and-watch mode. A trader described the market as neutral, with the post-holiday outlook being uncertain. Deep-sea bulk US-origin HMS (80:20) stood at $340/t, steady w-o-w. Japanese-origin H2, a key tradable grade…