Vietnam: Ferrous scrap prices fall on weak demand

—

Ferrous scrap prices in Vietnam have dropped by VND 300/t ($13/t), w-o-w, as per latest reports available with SteelMint.
The procurement prices for H1 and H2 grades are VND 11,100/kg ($482/t) and VND 10,800/kg ($470/t), respectively. Prices have fallen due to sluggish demand.
As for import prices, Japanese bulk H2 offers are assessed at $505/t CFR, a decrease of $15-20/t on the week.

Comments