VIETNAM STEEL SCRAP: Mounting Covid-19 cases depress demand for imports

Ferrous scrap trading in Vietnam remained thin during the week to Friday August 27 amid poor demand and administrative and logistical difficulties caused by the worsening Covid-19 pandemic in the country, sources told Fastmarkets.

Key commercial and industrial hubs in southern Vietnam, including Ho Chi Minh City and Binh Duong, have continued to see surging Covid-19 cases.
Vietnam recorded 11,575 new infections on Thursday, with Binh Duong having 4,868 new cases and Ho Chi Minh City recording 3,934 cases. Dong Nai recorded 743 cases, while capital Hanoi saw 50 cases.
The ongoing lockdowns has also stymied trading operations, with buyers and sellers having to accept photocopies of trading documents, and exchanging bills of lading for cargoes to smoothen cargo flows.

But such trading activities remained thin due to...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing