China: Japanese scrap import offers rise as bids inch down

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China’s ferrous scrap import market remains quiet as deals have reduced from Japan, as per latest updates received by SteelMint.
Offers for Japanese heavy recycled steel (HRS101) grade scrap are now at $600-605/t on CFR basis, up $25-30/t compared to last week.
However, bids placed by Chinese buyers are far lower than the offered price. This disparity accounts for lack of recent deals.

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