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Stronger steel mart boosts Vietnam scrap prices | American Metal Market


Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.
A higher auction price at Japan’s Kanto Tetsugen, a cooperative of scrap dealers in the Tokyo area, will likely support further price increases.
Bulk cargoes of Japanese H2 scrap were offered to Vietnam at $455-460 per tonne cfr Vietnam this week, up by $10-17 per tonne from last week. Sources told Fastmarkets early this week that transactions involving such cargoes had been concluded at $443 per tonne cfr Vietnam late last week. ....

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Stronger steel mart boosts Vietnam scrap prices | American Metal Market

Stronger steel mart boosts Vietnam scrap prices | American Metal Market
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