Following the silent weeks during the holiday season, Vietnam has made a stable start to 2026 in terms of prices. Market sources report that next week will give a clearer price trend in Vietnam’s import scrap market, while Japan’s Kanto scrap export tender is awaited. While the international scrap market as well as the US and Japan are giving signals of an imminent increase in prices, Vietnamese buyers are maintaining their cautious stance for now.
As the new year starts, ex-US bulk HMS I/II 80:20 scrap offers to Vietnam have remained stable at $350/mt CFR. No deal has been done at this level this week. Market sources report that the workable levels for ex-US scrap are at around $345s/mt CFR.
Meanwhile, workable levels for Japanese H2 scrap in Vietnam are still at $325/mt CFR, stable week on week. Offers for this grade are in the range of $325-330/mt CFR.
