Ferrous scrap prices in the key Vietnam market are racing with long steel prices amid the global uptrend, with the higher Kanto Tetsugen auction result and firmer billet prices in the region adding support.
Vietnamese steel mills have benefited from a rise in steel billet prices over the week to Friday March 4 but have still been attempting to temper scrap price increases, sources said.
Vietnamese steel mills have benefited from a rise in steel billet prices over the week to Friday March 4 but have still been attempting to temper scrap price increases, sources said.
Prices for steel scrap imported into Bangladesh were boosted this week by a strong domestic market in the South Asian country, sources told Fastmarkets on Friday November 5.
Prices for imports of steel scrap to South Korea have risen sharply over the past week amid a rise in export prices from Japan and the United States, market participants told Fastmarkets on Friday October 8.