SEA: Imported scrap offers rise further in recent trades
Dec 02, 2020 10:00
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Imported scrap market in South East Asia has witnessed further hike in offers with Vietnam remaining the most active amongst other nations. Offers have increased significantly over a week, while global suppliers are more likely to involve in better deals as mostly South Asian steel mills are currently more active in bookings ahead of winter holidays.
Japanese scrap prices for Vietnam surge by $10:Bulk imported scrap offers to Vietnam have increased sharply further this week. SteelMint's assessment for Japanese origin H2 bulk stands at $355/t CFR levels, moving up by $10 w-o-w basis. Sources reported few deals of Japanese origin to have concluded last week.