Surging offers for both United States and Japan-origin ferrous scrap have left Vietnamese buyers floundering in their wakes, sources told Fastmarkets in the week to Friday December 11.
The import markets were muted ahead of the Kanto Tetsugen auction on Thursday December 10, although market sources had largely expected sharp increases in the auction results, Fastmakrets heard.The surge in prices had many market participants unclear of the actual transacted price levels, leading many buyers into wait-and-see...