VIETNAM STEEL SCRAP: Spot activity thin amid Covid-19 pandemic

Spot activity in the Vietnamese ferrous scrap import market remained very thin during the week to July 9 due to poor demand caused by the Covid-19 pandemic, sources told Fastmarkets.

The winner of the July Kanto Tetsugen auction will sell the 14,000 tonnes of bulk Japanese H2 scrap to Vietnam, sources said. The auction closed at   ?47,888 per tonne ($435) on a free along side ship basis, down by ?1,307 per tonne month on month.
  
"This final Kanto price could be following last week's H2 deal of $484 per tonne cfr Vietnam as a guide price," a Vietnamese trader told Fastmarkets on Friday July 9.

Offers for bulk Japanese H2 were at $484 per tonne...

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