Vietnam steel mills cut billet offer price, scrap bid price amid production drop

Slow steel sales by Vietnamese steelmakers have led to some mills reducing their offers for steel billet and their bids for imported steel scrap over the past week, market sources told Fastmarkets on Friday May 27.

“Mills in Vietnam continued to suffer from slow sales of rebar. Some electric-arc furnace-based and induction furnace-based mills have suspended their production activities due to very high level of rebar...

Published

Lee Allen

Tianran Zhao

May 27, 2022

14:42 GMT

London, Shanghai