China: Bid-offer disparity keeps Japanese HRS scrap trade subdued

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by

in Melting Scrap

Japanese ferrous scrap offers for HRS 101 grade are heard at $530-540/t CFR China, SteelMint learnt from sources.
Bids are hovering at $505-510/t CFR levels against the price indications from suppliers’ end.
However, no recent deals have been concluded at higher prices amid bid-offer disparity.

Japan HRS 101 bids by China

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