Vietnam: Domestic scrap prices follow global uptrend

  • Prices for H1 and H2 grade ferrous scrap in Vietnam are assessed at VND 12,800/kg ($556/t) and VND 12,500/kg ($543/t), respectively, an increase of 900 VND/kg ($39/t) compared to 7 Feb’22.
  • Prices have increased as demand picked up post Tet holidays and the positive outcome of the Kanto tender.
  • Import prices of Japanese bulk H2 scrap are assessed at $560-565/t CFR.

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