VIETNAM STEEL SCRAP: Buyers book deep sea-cargoes on narrow premium over Japanese material

March 06, 2021 / www.metalbulletin.com / Article Link

Spot prices in the key Vietnamese scrap import market increased in the week to Friday March 5, with key buyers setting eyes on bulk deep-sea HMS 1&2 (80:20) cargoes over Japanese H2 cargoes due to the thin premium the former is commanding.

Two transactions for bulk HMS 1&2 (80:20) cargoes were concluded on Thursday at $474 per tonne and $477 per tonne cfr Vietnam. One cargo was from Australia, while the other was from the United States' West Coast.
One buyer was heard to be a steel corporation headquartered in north Vietnam, while the other buyer was heard to be based in south Vietnam's Ho Chi Minh city.
Offers for such materials were at $470 per tonne cfr Vietnam at the start of the week, in line with offers to South Korea.

Bids were at $465 per tonne cfr Vietnam at the start of the week. There was market chatter that there was a transaction concluded at $465-470 per tonne cfr Vietnam, although this could not be...

Recent News

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com

Gold stocks nearly regain highs on rising metal price

May 12, 2025 / www.canadianminingreport.com

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok