Vietnamese steelmakers still cautious on scrap imports amid stubbornly low rebar prices

Spot prices for steel scrap imports to Vietnam were rangebound in the week to Friday September 15, with buyers there still facing persistently low rebar prices, but overseas suppliers were bullish because of rising demand in South Asia, sources told Fastmarkets.

“Imported scrap prices are showing signs of picking up and buyers from India, Pakistan and Bangladesh have bought at least 10 deep-sea scrap cargoes from the United States in the...


Tianran Zhao

September 15, 2023

11:32 GMT