[SMM Steel] Vietnam import scrap weakens amid softer East Asian sentiment
[SEA] Vietnam’s import scrap market softened this week, with Japanese H2 scrap falling to around 375 USD/tonne CFR Vietnam, down about 7 USD/tonne week on week. US-origin HMS 80:20 bulk scrap stood near 383 USD/tonne CFR Vietnam, also down around 7 USD/tonne. Weak Vietnamese finished steel demand kept mills cautious, with buyers delaying bookings and waiting for further price corrections. Although Japanese suppliers remained firm due to limited scrap generation, Vietnamese buying ideas stayed lower, leaving a clear bid-offer gap.