Fastmarkets’ weekly price assessment for bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $278-285 per tonne cfr on Friday January 31, down $10-12 per tonne from $290-295 per tonne cfr Vietnam a week earlier
Deep-sea bulk cargoes of heavy melting scrap 1&2 (80:20) from the United States’ West Coast were offered at $285 per tonne cfr southern Vietnam during the week, while bids were made at $278 per tonne cfr southern Vietnam.
Bulk cargoes of Japanese H2 scrap were offered to southern Vietnam at $270-271 per tonne cfr, while similar cargoes were offered to northern Vietnam at $280 per tonne cfr. These offers are down by about $10 per tonne from before the Tet - the Vietnamese Lunar New Year - last week.
Bulk cargoes comprising a 50:50 ratio of Japanese H1 and H2 scrap were offered at $275 per tonne cfr...