Tag: ferrous scrap market Asia
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East Asia: Japan H2 scrap prices rise w-o-w on freight concerns; Tokyo Steel hike supports market
Tokyo Steel hike lifts domestic sentiment Freight rate concerns tighten export offers East Asian scrap markets firmed in the week ended 9 March, supported by limited export offers from Japan and expectations of higher freight rates amid ongoing Middle East tensions. Supplier sentiment strengthened, though buying activity in Vietnam remained cautious. Weekly assessments Japanese H2…