Price notice: Extension of Vietnam scrap consultation
Jun 26, 2019 | 12:53 PM
Fastmarkets is extending until July 31 the consultation period for its proposal to launch a daily containerized steel scrap cfr Vietnam assessment.
Responses to the original consultation could not definitively establish the liquidity of a daily spot market and its suitability for a daily price assessment.
The proposed specification is as follows:
Assessment: Steel scrap HMS 1&2 (80:20) containerized import, cfr main port Vietnam, $/tonne
Quality: Heavy melting scrap 1&2 (80:20) mix
Location: cfr southern Vietnam
Timing: Up to three months
Unit: US$ per tonne
Payment terms: Letter of credit
Publication: Daily, 5-6pm Singapore time
To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at: . Please add the subject heading FAO: Paul Lim, re: daily containerized ferrous scrap cfr Vietnam.
To see all Fastmarkets’ pricing methodology and specification documents, please go to https://www.fastmarkets.com/about-us/methodology.