Japanese H2 scrap offers in bulk cargoes stood at around USD 290/MT CFR Vietnam against last week offers of around USD 295/MT, CFR during last week. Offers from the USA for the bulk HMS 1& 2 (80:20) remained stable at around USD 305/MT CFR Vietnam.
Vietnam imported 4.74 MnT of ferrous scrap during Jan-Nov’19, up by 10% Y-o-Y as against 4.31 MnT of imports during the same period a year ago. Japan remained the largest exporter with a 41% share of total scrap imported by Vietnam, followed by the United States & Australia with 26% and 9% share respectively.