Vietnam: Domestic scrap prices rise on supply crunch

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Vietnam’s domestic scrap prices have increased on supply shortage due to lower collection during the pandemic.
The procurement prices of H1 and H2 grades are at VND 12,400/kg ($539/t) and VND 12,100/kg ($526/t), respectively, up VND 600-1,000/kg ($26-43/t) compared to 3 Jan’22.
Import prices of Japanese bulk H2 scrap are assessed at $500-505/t CFR.

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