VIETNAM STEEL SCRAP: Interest for Japanese scrap returns amid falling prices

Falling Japanese scrap prices have led to a resurgence in interest for such cargoes, with multiple transactions heard concluded in the week ended Friday March 12.

A transaction was concluded at $440 per tonne cfr Vietnam for a bulk Japanese H2 cargo, while another transaction was heard concluded at $445 per tonne cfr northern Vietnam for the same grade of material.
Offer for bulk Japanese H2 cargoes were at $450-455 per tonne cfr Vietnam at the start of the week.
Bulk Japanese H1&H2 (50:50) cargoes were heard sold at $450-455 per tonne cfr Vietnam.
These prices are in line with Hong Kong-origin H1&H2 (50:50) materials, which were offered at $450 per tonne cfr Vietnam.

A Southeast Asia-based scrapyard was heard to have sold a bulk...

Published

Paul Lim

March 12, 2021

10:26 GMT

Singapore