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SEA: imported scrap offers continue up; trades slow

Imported scrap trades to Vietnam mostly silent as the number of offers from Japanese suppliers stood very limited, with most suppliers waiting for this month’s Kanto tender’s result, to give direction to the export offers. The tender is scheduled on 11 Dec'19, as per sources.
Japanese H2 scrap offers in bulk cargoes have continued to move up, with composite H1/H2 scrap presently being offered at around USD 290/MT CFR, while H2 scrap stood at around USD 282-283/MT last week. Shindachi scrap from Japan was reported at around USD 315/MT while HS scrap from Japan is range-bound between USD 310-315/MT CFR. Few

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