Buyers in Vietnam in the meantime turned toward Japanese scrap and stayed away from United States-origin materials.
Chinese demand for downstream billet has also supported scrap prices, which have not been affected by the weak downstream demand for long steel products in other parts of Asia.
Fastmarkets’ price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam
was $275 per tonne cfr on Friday November 15, unchanged from a week earlier
Cargoes of HMS 1&2 (80:20) from the US West Coast continued to be offered at $280-287 per tonne...