Vietnamese steel scrap prices rise on tight supply, higher ore prices

Spot prices for steel scrap imports into Vietnam rose for a third consecutive week on Friday September 22, tracking iron ore prices upward, while a seasonal end-of-year supply squeeze offset any lingering demand concerns, Fastmarkets has heard.

“There has been growing demand for premium products in China, pushing up iron ore prices and consequently steel scrap prices as well,” one Vietnamese trading source said.

“Concurrently, we’re seeing...

Published

Carman Chew

September 22, 2023

12:30 GMT

Singapore