Tag: Vietnam: Scrap prices edge up $2/t w-o-w amid cautious buying and currency pressures

Bid-offer disparities continue to restrict trading activity Mills plan scrap inventory build-up after Lunar New Year Vietnam’s scrap prices edged up by $2/tonne (t) w-o-w despite cautious market sentiment and currency pressures limiting deals. Bullish expectations regarding future prices drove up spot rates, as general scrap demand in Vietnam is expected to increase in the…