Vietnamese buyers have increased their interest in Japanese steel scrap amid ongoing supply shortages, sources told Fastmarkets on Thursday April 1.
Offers for Russian A3 scrap came in at $450 per tonne cfr Vietnam this week, while sources estimated that deep-sea cargoes of HMS 1&2 (80:20) from the United States or Australia would be on offer at about $455-460 per tonne cfr Vietnam.There was market chatter about a possible transaction in Asia at slightly below $450 per tonne cfr, which led key market participants to estimate that prices in Vietnam were at $454-455...