Fastmarkets’ price assessment for bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $300 per tonne cfr on Friday January 10, narrowing downwards $5 per tonne from last week.
There were three deep-sea bulk cargoes being offered by sellers in the US this week at $305-310 per tonne cfr Vietnam.
Market sources said there was limited interest from buyers, who were mainly bidding at $295-300 per tonne cfr Vietnam. Market sources estimated that the price level for these materials was at about $300 per tonne cfr Vietnam.
"It seems that the market is still a bit mixed. Buyers have started bidding lower, but sellers in the US are still confident of getting high export prices due to their robust domestic demand," a US industry source...