Tag: construction steel demand Asia

Japanese H2 scrap prices rise on weaker currency; US export prices rises

Nov 28, 2025

—

by

Ramavath Mounika

in Melting Scrap

Tokyo Steel raises scrap prices by JPY 500/t US domestic and import rebar prices remained stable US and Japanese ferrous scrap markets remain largely stable. Japan saw H2 scrap prices rise on weaker JPY, while domestic mills stay cautious. US export prices gained on Turkiye demand, but domestic activity is steady amid tight supply. H2…