Vietnam ferrous scrap prices fall on weak demand, Taiwanese prices rise on higher offers

Import prices for ferrous scrap in Asia moved in different directions this week amid mixed market fundamentals, participants told Fastmarkets on Friday March 22.

Vietnam The uptrend in Vietnam’s scrap import prices came to a halt this week, amid a slowdown in procurement activity and falling bid levels, market sources said. Fastmarkets’ weekly import price assessment for HMS 1&2 (80:20) sold into Vietnam was $340-350 per tonne cfr for the week to Friday March 22, widening downward by $5 per tonne from $345-350 per tonne cfr.  Prices had previously increased on March 8 and March 15. Deep-sea offers for bulk shipments of HMS 1&2 (80:20) scrap from the US and Europe varied at around $344-360 per tonne cfr Vietnam, compared with $347-355 per tonne cfr last week. Most buyers were willing to pay $335-344 per tonne...

Published

Fiona Lam

March 22, 2019

11:35 GMT

Singapore