Sentiment negative in Vietnam’s import scrap market

Friday, 13 June 2025 15:25:02 (GMT+3)   |   Istanbul

Vietnam’s import scrap market has recorded small changes over the past two weeks. Cheaper billet prices from China are still disrupting the market, while sluggish finished steel demand is not helping the situation. Vietnamese mills continue to buy scrap to support their production commitments, though it is reported that they are buying in small tonnages.

Over the past week, offers for Japanese H2 scrap to Vietnam have declined slightly on the lower end by $5/mt to $320-330/mt CFR. Market sources report that the lower end of the price range is considered workable.

Over the past week, ex-US bulk HMS I/II 80:20 scrap offers to Vietnam have remained unchanged at $345-350/mt CFR.

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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