Tag: East Asia: Scrap prices remain stable w-o-w amid firm Japanese sentiment

Kanto tender results awaited for price direction Deep-sea bulk scrap prices soften slightly East Asian ferrous scrap markets remained stable in the week ended 11 May, supported by firm Japanese domestic demand and steady export offers. Meanwhile, Vietnamese mills stayed cautious due to sufficient inventories, softer steel prices, and competitive local scrap availability, while deep-sea…