Tag: Vietnam flood impact on steel

Muted spot liquidity amid persistent wide bid-offer gaps Typhoon flooding continues to suppress downstream steel demand Vietnam’s imported ferrous scrap softened to $326/t on 24 November, down $2/t w-o-w, due to weak rebar demand, seasonal weather disruptions, and cautious procurement by mills. Stocks remain low in the spot market, with buyers refraining from major bookings…