Tag: freight rates Asia scrap
-
East Asia: Japanese H2 scrap prices rise w-o-w on tight supply, higher offers
Tight supply and higher offers support market Deep-sea scrap prices move up w-o-w East Asian scrap markets strengthened on 6 April, supported by higher Japanese export offers and limited availability. Supply tightened following recent domestic price hikes by Tokyo Steel and ongoing vessel constraints, while freight rates remained firm. However, buying interest in Vietnam stayed…