Tag: Vietnam: Imported bulk scrap prices drop by over $6/t w-o-w; buyers reluctant amid production cuts uncertainty

Imported ferrous scrap prices witnessed a downtrend w-o-w as local steelmakers have shown reluctance to restock amid the impending steel production cuts anticipated during the monsoon season. Nevertheless, constraints in scrap supply are expected to drive prices upward in the forthcoming week. As per steel industry insiders, in Southeast Asia, steel mills typically curtail production…