According to market sources, ex-
Japan offers to
Vietnam for HS grade
scrap are currently at $290/CFR. Meanwhile, Japanese
scrap quotations to South Korea for HS grade
scrap are at $295/mt CFR.
Market sources state that Vietnamese buyers are unwilling to make new
scrap bookings since they purchased decent volumes of
scrap in previous days, while Japanese
scrap suppliers are not under pressure to conclude sales after concluding many deals recently. Thus, prices in the Vietnamese import
scrap market are expected to remain stable in the coming days. However, it is heard that Japanese
scrap suppliers may revise their prices downwards for
Vietnam, if Chinese
scrap suppliers make aggressive offers to the Taiwanese market.