NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

Vietnam: Imported scrap prices drop as Covid cases rise

ABSTRACT

Vietnam's imported scrap market remained dull, owing to sluggish demand from the domestic markets and rise in Covid cases. The upcoming new year holiday this weekend is also dragging imported scrap prices down.
    Fresh offers for bulk Japanese H2 were at $480-485/t CFR Vietnam, falling marginally by $5/t w-o-w. US-origin bulk HMS price indications are assessed at around $500/t CFR Vietnam levels, down by $10-12/t w-o-w. Domestic scrap prices overview: H1 and H2 grades are now set at VND 11,400-11,450/Kg ($495-497/t) and VND 11,100/kg ($482/t) levels

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