Tag: Vietnam Steel Association
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Vietnam: Imported scrap prices drop by up to $3/t w-o-w as mills hold off on purchases
Mills grapple with high scrap inventories Wide bid-offer gaps keep trade sluggish Imported ferrous scrap prices in Vietnam fell by up to $3/tonne (t) w-o-w, as buyers showed little urgency to book material due to comfortable inventory levels. A Vietnam-based trader noted that scrap prices remained under pressure, with subdued demand from Taiwan, South Korea,…