Tag: Vietnam imported scrap prices
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Vietnam: Imported scrap trade subdued on sluggish finished steel market
The imported scrap trade remained subdued as a result of sluggish finished steel demand in the domestic market. The limited scrap demand kept fresh bookings lower despite favourable prices. Imported scrap prices to Vietnam rose due to material shortages. Market participants are waiting for the upcoming Japanese Kanto tender for a clear market direction. SteelMint’s…