VIETNAM STEEL SCRAP: Weak steel markets temper scrap price rises

Vietnam's import scrap market for bulk cargoes was quiet throughout the last week, with holidays in Japan and sluggish finished steel markets preventing further purchasing, market sources told Fastmarkets on Friday August 14.

"Finished product prices are not going up. We've reached a point where we will not buy anymore," a Vietnamese mill source told Fastmarkets on Friday. "There's no demand at the moment and, therefore, no market [for scrap]," he added.
When asked if he would consider paying $300 per tonne cfr Vietnam for HMS 1&2 in bulk from the US, the mill source said he would not touch it on account of the high price.

"Mills can't really get much more [steel price increases] through at the moment. All eyes are...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

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