Tag: Vietnam: Imported ferrous scrap prices drop to 2-year low amid weak steel demand

In Vietnam, prices of imported ferrous scrap, especially from Japan, touched nearly a 2-year low after dropping by $5-7/t w-o-w due to weak regional demand and falling prices for other steelmaking raw materials. The imported ferrous scrap market remained quiet this week. Limited offers were heard from Australia, while US offers for bulk HMS(80:20) fell…