Vietnam’s import scrap market remains under downward pressure

Friday, 18 April 2025 15:18:44 (GMT+3)   |   Istanbul

Amid increasing negative sentiment in the global steel and scrap markets, Vietnam’s import scrap market has remained under downward pressure. The workable price levels for buyers and sellers are different. In particular, ex-Japan offers are significantly higher than buyers’ bids. Meanwhile, Vietnamese source believe that the new tariff regime has not created additional costs for Vietnamese steel and is not necessarily damaging for the sector.

Over the past week, offers for Japanese H2 scrap to Vietnam have remained stable at $330-335/mt CFR. Bids from Vietnamese buyers are now $10/mt lower than the offers.

In the given week, ex-US bulk HMS I/II 80:20 scrap offers to Vietnam have moved down by another $5/mt on the upper end, to $360/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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