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Vietnam local scrap prices hit eight-month high; downstream support still shaky

December 14, 2023 Comments Off

Vietnamese local scrap prices have inched up to an eight-month high of Dong 9,800/kg ($405/mt) for the northern region although downstream demand support remains shaky, according to sources. Domestic scrap prices in north Vietnam extended a two-week ascent, inching up to Dong 9,350-9,800/kg ($386-$405/mt) on Dec. 13 from the previous week’s range of Dong 9,350-9,700/kg for H2-equivalent domestic Type 1…