Vietnam, a major consumer of scrap in Asia, has purchased at least 30,000 tonnes of Japanese H2 materials this week.
Deals involving at least two bulk shipments bound for southern Vietnam were heard concluded around $329-330 per tonne cfr Vietnam.This suggests that fob Japan prices have fallen further from last week's level of ?34,700-35,000 ($305-307) per tonne after a tender held by the Kanto Tetsugen cooperative of dealers was concluded at ?33,700-34,050 per tonne fas last Friday November 9.Japanese materials have become the most competitively priced of ferrous scrap in the international market...