ASIA STEEL SCRAP DIGEST: Deep-sea market activity picks up momentum

Activity in the key Bangladesh and Vietnam deep-sea import scrap markets have increased in recent days, with mills in the countries increasingly interested in bulk shipments, sources told Fastmarkets on Thursday August 12.

Deep-sea bulk deal heard in VietnamBangladesh bulk inquiries pick upTaiwan spot prices start to reboundChina scrap import prices remain static amid weak demandVietnam
Vietnam returned to the deep-sea import scrap market this week - Fastmarkets heard of one deal at $495 per tonne cfr Vietnam for bulk heavy melting scrap (HMS) 1&2 (80:20) cargo from the United States' West Coast.
The deal followed offers for bulk HMS 1&2 (80:20) heard at $500 per tonne cfr Vietnam this week, down from $503 per tonne cfr Vietnam in the previous week, while bids were at $490 per tonne cfr Vietnam.

With Japanese suppliers now away from the market on their Obon holidays over August 12-16, bids for containers of US-origin HMS 1&2 (80:20) from the US were...

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