Bids for bulk cargoes of Japanese H2 scrap were heard at $230-235 per tonne cfr southern Vietnam, against offers at $240-245 per tonne cfr southern Vietnam.
"Ferrous scrap collection in Japan is limited and prices have increased. Buyers will have to pay higher if they want materials," a Vietnamese trader told Fastmarkets on Friday May 8.
Fastmarkets’ weekly price assessment for steel scrap H2, Japan-origin import, cfr Vietnam was $240 per tonne cfr on Friday, increasing by $5-6 per tonne from April 30
Many Japanese suppliers were also waiting for the Kanto Tetsugen auction to be concluded on May 12, a seller in Vietnam said, especially after Japanese market participants had returned to work on Thursday after the Golden Week break, which contained a number of holidays between April 29 and...