Tag: Vietnam: Imported ferrous scrap offers drop by up to $10/t w-o-w on weak demand from steelmakers

Vietnam imported ferrous scrap prices remained downward as US-origin offers and indicative prices dipped to $395/t CFR Vietnam, with some traders suggesting $385/t CFR as a more reasonable trading level. However, demand for deep-sea bulk cargoes in South Korea and Vietnam remained subdued. South Korean buyers stayed out of the seaborne market as domestic scrap…