VIETNAM STEEL SCRAP: High offers cause buyers to stay away

High offers for Japanese and United States-origin ferrous scrap saw Vietnamese buyers stay away from the spot import market in the week to Friday June 12, with some market participants suggesting that prices have peaked and are likely to move down from now on.

There was a confirmed transaction at $278 per tonne cfr southern Vietnam this week and rumors of a transaction at $275 per tonne cfr southern Vietnam, but the parties could...

Published

Paul Lim

June 12, 2020

11:06 GMT

Singapore