Tag: EAF production cuts Japan
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Japan: Domestic scrap market faces pressure as EAF mills cut output
Tokyo Steel cuts scrap purchase prices at Tahara Supply constraints may curb deeper price drop Japan Metal Daily: Japan’s domestic steel scrap market is bracing for further softening as electric arc furnace (EAF) producers begin seasonal production cuts from early July. The slowdown in end-user demand has forced many EAF mills to reduce operations, curbing…