Vietnam: Imported Scrap Offers Rebound

Imported scrap offers to Vietnam surged this week after witnessing a downtrend for 7-8 weeks since late Dec’20. Japanese scrap offers to Vietnam strengthened this week after bottoming out in the previous week.

Japanese H2 scrap in bulk is currently being offered at around USD 260/MT CFR Vietnam, moving up by USD 8-10/MT on a weekly basis. Few offers for Japanese origin Shredded and Shindachi scrap was reported at USD 282/MT and USD 287/MT, CFR levels in the closing of the last week. Offers from the North American