Strong demand for ferrous scrap imports in the key Southeast Asian market of Vietnam has resulted in prices in the country catching up with those in Bangladesh, a major buyer in South Asia.
Keen interest was reported for deep-sea bulk cargoes of heavy melting scrap from the United States West Coast this week, and at least four cargoes have been sold to Vietnam in the past two weeks - three to the southern region, and one to the north.Chinese demand for billet has been consistent in recent months amid high domestic prices in China and supply disruptions caused by...