Vietnam Ferrous Scrap
- Japan-origin H2 increased to $360–370/t CFR Vietnam.
- Deep-sea HMS 1&2 rose to $375–390/t CFR Vietnam.
- Japanese offers reached $365–375, with some as high as $380.
- A stronger yen and higher freight widened the difference between offers and bids.
- Few transactions were concluded.
Taiwan Ferrous Scrap
- Containerized US-origin HMS 1&2 increased to $332–334/t CFR Taiwan.
- Tight availability, higher local scrap prices and freight increases supported the market.
Indonesia Steel Billet, Slab and Wire Rod
- Billet was offered at $480/t FOB Indonesia.
- Slab offers were approximately $485/t FOB.
- Wire rod offers remained at $505/t FOB.
- Demand remained weak, but producers defended prices because of high raw-material costs.
Indonesia Primary Aluminum
- Indonesia continued to attract investment in new aluminium-production capacity.
- Future Indonesian output could increase shipments to Europe.
Philippines Steel Billet
- Imported billet was assessed at $490–495/t CFR Manila.
- Demand remained weak during the rainy season.
Japan Ferrous Scrap
- H2 offers to Vietnam increased to $365–375/t CFR.
- HS scrap was offered at approximately ¥56,000–56,500/t FOB Japan.
- HS bids remained around ¥54,000.
- The stronger yen and elevated freight restricted deals.
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