Tag: East Asia: Japan H2 scrap prices climb w-o-w on strong Kanto tender; freight concerns support market

Japanese export scrap sentiment strengthens  Vietnam buyers cautious as freight uncertainty persists East Asian scrap markets strengthened during the week, supported by rising Japanese export prices and tightening supply conditions. Sentiment improved after Japan’s Kanto-Tetsugen tender cleared at a multi-month high, while geopolitical tensions in the Middle East pushed freight costs higher and supported bullish…