Tag: Vietnam: Imported scrap prices drop by up to $3/t w-o-w amid high inventories and slow sales

Wide bid-offer disparities slow down deal closures Obon holiday expected to limit Japanese scrap offers Imported ferrous scrap prices in Vietnam fell by up to $3/tonne (t) w-o-w as buyers showed little urgency to book material, citing sufficient inventories. A Vietnam-based trader said, “Buyers are in no rush, as inventories remain sufficient,” adding that prices…