Tag: Asia billet vs scrap
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Japan: H2 scrap export offers fall by $3/t w-o-w amid low buying interest in key markets
Tokyo Steel cut scrap prices by up to JPY 1,000/t in June Vietnam’s scrap market stable; mills prefer cheaper Indonesian billets Japanese H2 scrap export prices moved sideways to lower amid continued weakness in downstream demand across major markets. Domestic supplier margins were squeezed as sluggish rebar demand prompted a major local scrap buyer to…