There was thin spot trading in many parts of Asia, with most market participants having already exited the market for the year-end holidays.
There were limited bids and offers in the key import markets of Taiwan and Vietnam.There was some talk among market participants that the supply of Japanese ferrous scrap is facing some tightness because many domestic and regional mills want to secure their scrap requirements before the year closes.Vietnam Fastmarkets' import price assessment for heavy melting scrap (HMS) 1&2 (80:20) sold into Vietnam was $316-317 per tonne cfr for the week to Friday December 28, stable from a week earlier. There were limited negotiations for HMS 1&2 (80:20) deep-sea cargoes into Vietnam due to...