VIETNAM STEEL SCRAP: Scrap, steel markets virtually 'shut down' amid Covid-19 pandemic

July 17, 2021 / www.metalbulletin.com / Article Link

There was little interest in imported scrap in the Vietnam market during the week to Friday July 16 due to the Covid-19 pandemic causing an almost complete shutdown of the local long steel and scrap markets, sources said.

Offers for bulk Japanese H2 were mostly at $490-500 per tonne cfr Vietnam, with one offer at $505 per tonne cfr Vietnam, sources told Fastmarkets.
"There's not much interest in purchasing scrap now, especially with the Vietnam market in a state of shutdown amid the worsening Covid-19 situation," a trader in Vietnam told Fastmarkets this week.
There were no firm bids from buyers for imports, although indications for imported bulk Japanese H2 remained at $484 per tonne cfr Vietnam, which was the price at which the most recent deal was concluded.

Vietnam recorded 801 new...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok