ASIA FERROUS SCRAP: Strong demand drives up prices

November 30, 2019 / www.metalbulletin.com / Article Link

Demand from key markets Vietnam and South Korea was strong this week, with major steel mills procuring large quantities of imported scrap.

Taiwanese buyers also continued to pay higher for imported cargoes, although a major holiday in its key supplier the United States meant that there was less liquidity in the Taiwan import market this week.
Vietnam
Fastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam was $281 per tonne cfr on Friday November 29, up $6 per tonne from a week earlier.

There were not many offers heard for HMS 1&2 (80:20) from the US West Coast, although market sources placed them at a level of $285-290 per tonne cfr Vietnam and above...

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok