Vietnamese steelmakers booked H2-grade scrap from Japan this week, snubbing offers from the United States and Europe while they await price drops for materials from these two sources as well as in Turkey.
But in Taiwan, tight supply of the steelmaking raw material in the island's domestic market led to mills there continuing to snap up US cargoes of heavy melting scrap 1&2 (80:20).VietnamThe weekly Fastmarkets MB import price assessment for HMS 1&2 (80:20) sold into Vietnam was $315-320 per tonne cfr on Friday May 31, unchanged from a week earlier.Bulk cargoes of US HMS 1&2 (80:20) were heard offered at $328-330 per tonne cfr Vietnam this week, narrowing upward by $3 per tonne from $325-330 per tonne cfr last week. Market sources said one such cargo was even offered at $340 per tonne cfr Vietnam, but they dismissed this as "unworkable."They said buyers...