VIETNAM STEEL SCRAP: Prices increase on profitable downstream markets

Import prices for ferrous scrap in Vietnam rose further during the week to Friday April 24, due to the profitable downstream semi-finished and long steel markets, industry sources told Fastmarkets.

There was a wide range of offers for bulk cargoes of Japanese H2 scrap. Some cargoes were offered to Vietnam at $470 per tonne cfr Vietnam at the start of the week, while others were offered at $460-465 per tonne cfr Vietnam. Bids were at $445-450 per tonne cfr Vietnam.
There were three transactions heard concluded for bulk Japanese H2 cargoes. One was at $465 per tonne cfr southern Vietnam; another at $468 per tonne cfr northern Vietnam; and the last transaction was at $470 per tonne per tonne cfr northern Vietnam.
Bulk Japanese shredded was offered at $500-505 per tonne cfr Vietnam, with bids at $475 per tonne cfr Vietnam.

Bulk Japanese heavy scrap (HS) was offered at $510-515 per tonne cfr Vietnam, with a transaction concluded...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold