Vietnam: Bulk scrap import prices remain stable w-o-w amid Tet holidays
Vietnam's imported scrap market was stable w-o-w, as buyers stayed inactive during the Tet holidays. Weak demand and sufficient inventories kept mills in a wait-and-watch mode. A trader described the market as neutral, with the post-holiday outlook being uncertain.
- Deep-sea bulk US-origin HMS (80:20) stood at $340/t, steady w-o-w.
- Japanese-origin H2, a key tradable grade in Vietnam, was firm w-o-w at $315/t CFR.