Vietnam: Domestic scrap prices remain stable w-o-w

  • The procurement prices of H1 and H2 grades are at VND 11,400-11,450/kg ($496-498/t) and VND 11,100/kg ($483/t) respectively, unchanged w-o-w, as per reports.
  • Vietnamese steel mills kept their offers stable, owing to the New Year holidays and production cuts.
  • Meanwhile, imported prices for Japanese bulk H2 scrap offers are assessed at $480/t CFR, a slight fall of $3/t on the week.

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