Vietnam's import scrap market for bulk cargoes was quiet throughout the last week, with holidays in Japan and sluggish finished steel markets preventing further purchasing, market sources told Fastmarkets on Friday August 14.
"Finished product prices are not going up. We've reached a point where we will not buy anymore," a Vietnamese mill source told Fastmarkets on Friday. "There's no demand at the moment and, therefore, no market [for scrap]," he added."Mills can't really get much more [steel price increases] through at the moment. All eyes are...