Tag: Vietnam: Imported bulk ferrous scrap index declines by up to $7/t w-o-w

Vietnam’s imported bulk ferrous scrap index declined sharply by up to $7/t w-o-w, as mills remained hesitant to bid while awaiting clearer signals and healthier inquiries from the downstream steel sector. According to a representative from a major trading house, Vietnamese buyers are currently uninterested in Japanese scrap, focusing instead on cargoes from Hong Kong,…