Imported scrap offers to Vietnam continued with their uptrend on increased demand from end-users in both the domestic and overseas markets. Scrap buyers sustained their inquiries for imported scrap despite high offers. On the other hand, increased freight rates and container availability kept global scrap prices high.
Japanese H2 offers are now being cited at $550/tonne (t) CFR Vietnam levels, moving up by $10/t w-o-w. However, no deal was heard to have been concluded at these levels. Notably, the offers have increased significantly by around $50/t from the beginning of the month. In contrast, Japanese suppliers were