VIETNAM STEEL SCRAP: Buyers book deep sea-cargoes on narrow premium over Japanese material

Spot prices in the key Vietnamese scrap import market increased in the week to Friday March 5, with key buyers setting eyes on bulk deep-sea HMS 1&2 (80:20) cargoes over Japanese H2 cargoes due to the thin premium the former is commanding.

Two transactions for bulk HMS 1&2 (80:20) cargoes were concluded on Thursday at $474 per tonne and $477 per tonne cfr Vietnam. One cargo was from Australia, while the other...

Published

Paul Lim

March 05, 2021

10:35 GMT

Singapore