VIETNAM STEEL SCRAP: Offers for Japanese scrap surge amid global price rises

July 25, 2020 / www.metalbulletin.com / Article Link

Offers for Japanese steel scrap in key Vietnam import markets surged this week together with price increases in other parts of the world.

"The sustained price increases in scrap are catching some people by surprise. I am actually getting a little worried about the prices," a Vietnamese buyer told Fastmarkets on Wednesday July 22.
There was a transaction at $255 per tonne cfr southern Vietnam on Thursday July 23 for a 3,000-5,000 tonne cargo. Other market sources said there were negotiations for spot cargoes at about $255-260 per tonne cfr southern Vietnam.

A bulk...

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