VIETNAM STEEL SCRAP: Buyers eschew Japanese scrap in favor of US, Australian supply

October 09, 2021 / www.metalbulletin.com / Article Link

Vietnamese ferrous scrap buyers are eschewing bulk Japanese scrap in favor of bulk deep-sea cargoes from the United States and Australia.

There was a transaction concluded at $516 per tonne cfr Vietnam for a 27,500-tonne HMS 1&2 (80:20) cargo from Australia by a steel mill in southern Vietnam, and a transaction concluded at $520 per tonne cfr Vietnam for a HMS 1&2 (80:20) cargo from the United States' West Coast by a second southern Vietnamese steel mill.
Both cargoes were sold by the same scrapyard.

There was talk in the market...

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok