Bids by Chinese steel mills for Japanese HRS 101 grade ferrous scrap have moved up further by $15-20/t, w-o-w, SteelMint learnt from sources. Currently, bids for Japanese HRS 101 scrap are at $535-540/t, CFR, week-on-week. However, no recent deals have been heard by SteelMint and indicative offers are at $560/t, CFR. Traders highlighted that China’s steel prices are also on an uptick.
Leave a Reply