Japan: H2 scrap prices stable w-o-w in Nagoya region

In Nagoya, Japan, H2 scrap prices held firm at JPY 36,000-37,000/t ($228-234/t) due to sluggish exports. Port prices lagged behind regional values. Despite some mills’ attempts to raise purchase rates, Tokyo Steel’s Tahara plant maintained stability. With few export contracts, electric furnace arrivals were steady, but local holidays are likely to dampen market activity.