Import scrap quotes go lower in Vietnam, buyers wait for further decline

摘要

Prices for import scrap have been sliding in Vietnam in the week started on March 8, following bearish moods in the international market. Importers did not reveal much activity, anticipating the quotes to decrease further. After rising by $60?70/t over a month, offers for Japanese H2 bulk scrap have been descending this week, ranging $450?455/t CFR Vietnam on Friday, down $10?15/t w-o-w. The latest quotes for Japanese HS scrap were heard at $485/t CFR Vietnam, down by $5?15/t from late February.