Vietnam: Imported bulk scrap offers drop w-o-w amid low demand for deep sea cargoes

Source: BigMint Nov 20, 2024 10:00

Vietnam mill wins Kanto tender, but spot liquidity low. Project delays, low govt investment hit steel demand.

Vietnam's imported ferrous scrap market remained subdued this week, with weak domestic demand, sluggish government investment, and project delays weighing on activity. CFR assessments Weekly assessment for deep-sea bulk US cargoes of HMS (80:20) stood at $363/tonne (t), down $1/t w-o-w. Weekly assessment for Japanese-origin H2, a major tradable grade in Vietnam's