Tag: Vietnam: Bids for Japanese H2 scraps rise amid Lunar New Year restocking

Bids from Vietnam increased to $395-$400/t CFR for H2 grade due to pre-Lunar New Year restocking, higher domestic rebar and billet prices, and increased production capacity utilisation rates. Japanese traders offered H1/H2 50:50 scrap to Taiwan at $396-$407/t CFR and H2 scrap at $405-410/t CFR for Vietnam. However, buyers were reluctant to accept these higher…