Tag: Vietnam: H2 scrap import offers from Japan hit four-year low amid weak demand

Vietnam’s imported scrap market witnessed a continuous drop in prices throughout the week, driven by weak demand and global market pressures. Japanese-origin H2 scrap prices hit a nearly four-year low, sinking to around $330-340/t CFR. Despite narrowing bid-offer spreads and some returning interest, no significant deals were concluded. This week, flooding and production stoppages from…