Tag: Vietnam: Imported ferrous scrap offers rise by up to $10/t w-o-w; buyers rely on domestic scrap

Imported ferrous scrap prices witnessed an uptrend w-o-w, with increases observed in US-origin HMS (80:20) and Japan-origin H2 bulk scrap. As per market participants, downstream domestic scrap demand was heard and supported by restocking inventory levels prior to the holidays this week. Meanwhile, buyers noted that as imported scrap became more expensive, mills continued to…