Vietnam steel scrap market muted due to persistent weakness in real estate

Steel scrap import prices to Vietnam were rangebound during the week to Friday March 17. A persistent gap between bids and offers in the deep-sea scrap market meant that there was little trading activity this week, sources told Fastmarkets.

Bearish sentiment in Vietnam’s local market also made buyers cautious about booking fresh import cargoes, according to market sources.

“End-user demand for rebar is almost zero. Market participants are...

Published

Tianran Zhao

March 17, 2023

11:13 GMT

Shanghai