VIETNAM STEEL SCRAP: Demand surges amid stream of billet export orders

Demand for ferrous scrap imports among Vietnamese steelmakers surged in the week to Friday September 17 amid healthy order books for billet exports.

A 20,000-tonne bulk cargo of heavy melting scrap 1&2 (80:20) from the United States West Coast was sold at $505 per tonne cfr Vietnam to an induction furnace-based steelmaker on Monday, a few market sources told Fastmarkets.
The cargo also includes 10,000 tonnes of shredded scrap and 5,000 tonnes of plate & structural (P&S) scrap.

Several other market sources said that the cargo of HMS 1&2 (80.20) was sold at $510-515 per tonne cfr Vietnam. The actual price could not be immediately confirmed with...


Paul Lim

September 17, 2021

09:30 GMT