Tag: economic stimulus China
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Japan: Weak export demand, declining JPY push down bids in Nov’24 Kanto tender
Export markets cautious as buyers await clarity 15,000-t H2 scrap sold to Vietnam buyer The Japanese Kanto H2 scrap export tender, which concluded today, saw a slight drop in bids, both in JPY and dollar terms. Dollar-denominated bids declined by $3/tonne (t) compared to October’s tender, driven by a softening seaborne market. Approximately 15,000 tonnes…