[SMM Steel] Vietnam import scrap remains soft as buyers stay cautious
[Vietnam] Vietnam’s import scrap market remained under pressure. US West Coast bulk HMS 80:20 offers fell to around 390 USD/tonne CFR Vietnam, with workable levels at about 385-387 USD/tonne CFR, while Australian offers were heard at around 380-385 USD/tonne CFR. Japanese H2 scrap was traded at around 370 USD/tonne CFR, largely unchanged w-o-w. Weak residential construction demand and slower Asian buying may keep Vietnam’s import scrap market soft in the near term.