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Vietnam: Bulk ferrous scrap prices stay largely stable w-o-w due to limited buying activity

Source: BigMint Jan 02, 2025 10:00

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Mills cap inventories amid weak demand. Wide bid-offer gaps discourage trades.

Vietnam's imported scrap market was quiet during the week, as trading activity slowed ahead of the year-end. Offers for Japanese H2 scrap were steady at $325-335/t CFR Vietnam, while bids stayed below $320/t CFR, reflecting a cautious stance among buyers amid subdued sentiment. Mills showed limited restocking interest, citing

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