VIETNAM STEEL SCRAP: Mills seek deep-sea scrap amid tight domestic supply

Spot prices in the Vietnamese scrap import market continued to fall in the week to Friday August 13 due to poor downstream supply caused by rising Covid-19 cases, sources told Fastmarkets.

Steel mills were seeking deep-sea bulk cargoes due to a shortage of domestic scrap caused by Covid-19 lockdowns, although this failed to bolster spot prices. Japanese sellers were also reluctant...


Paul Lim

August 13, 2021

11:41 GMT